Lendio Secures Additional $2 Million in Funding

The company helps small businesses find funding sources and loan options to suit their needs.

Posted on June 3, 2011 by Sonya Donaldson

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Helping others is serious business. Just asked Utah-based Lendio, which has secured an additional $2 million in debt financing to help match small business owners with lending sources such as banks and credit unions. Formerly called FundingUniverse.com, the company had just recently raised $6 million in venture capital.

Lendio’s unique selling proposition is its technology that helps business owners identify the right loan options for them, says TechCrunch’s Robin Wauters. While this might not be big news to some, it could be an indicator of what’s happening in the economy: Lendio says its users have already requested $1 billion in business loans just three months after the company made its debut. This is one startup Congress might want to pay attention to.

Read more at TechCrunch.

This entry was posted in Internet and Online Business and tagged FundingUniverse.com, Lendio, small business, startup, United States, Utah. Bookmark the permalink.

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