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Utah-based Lendio [2] (formerly Funding Universe), [3] founded in 2011 by Brock Blake and Trent Miskin, is a free online loan marketplace in the U.S. targeting small business owners. [ 4 ] History
OnDeck Capital is an American small business lending company with offices in Chicago, IL; New York, NY; Denver, CO, and South Jordan, UT. [1] OnDeck provides its loans exclusively online and uses proprietary software to aggregate data about a business’ operations, which is processed by an algorithm that determines loan eligibility.
Brock Blake [1] [2] is founder and CEO of Lendio, an online marketplace for small business loans. Blake is an Inc. 500 CEO, speaker, and Forbes columnist. [3] He was educated at Brigham Young University's Marriott School of Management. He lives in Utah with his wife and four children.
Small business loans are usually funded through traditional banks and online lenders. If you’re looking for an SBA loan, you’ll need to find a lender approved by the U.S. Small Business ...
In the 2023 Small Business Credit Survey, 36 percent of small businesses applied for business loans, while 20 percent applied for an SBA loan or line of credit. 7. Microloan
The 2023 Small Business Credit Survey found that 44 percent of businesses rely on large banks when applying for business loans, while 28 percent use small banks.
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