Lendio
Professional Services Financial ServicesCompany Information
Address
4100 North Chapel Ridge Road, Lehi, UT 84043
Website
Tel
Email
Franchise Summary
Description
Lendio is a financial technology company that serves as a marketplace for small business loans, connecting entrepreneurs with various lenders to simplify the financing process. Founded in 2011, it offers a range of loan products and resources to support small businesses, while also providing franchise opportunities for individuals looking to start their own Lendio business.
Corporate Structure
We are a Delaware limited liability company formed on April 8, 2016. Our principal place of business is at 4100 North Chapel Ridge Road, Suite 500, Lehi, Utah 84043. Our telephone number is (801) 858-3322. Our agents for service of process are disclosed in Exhibit C.
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Employee Contact Database
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Lendio Franchise System Development in 2021
FAQ
How much investment do I need to start my own Lendio business?
Franchisees typically require at least $45 to $117 investment to get their Lendio business started
What are the initial franchise fees for Lendio?
Franchisees typically need to pay at least $36 in fees directly to Lendio in order to earn the right to launch their business
How much money can I make with a Lendio franchise? What are
the average revenues for a typical Lendio business?
We haven’t done the math on how much revenue a typical
Lendio brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$960,856 revenue, so we would expect
Lendio to generate a similar amount
How long do I need to commit to running a Lendio unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$45,650 to $117,100
which is
Much Lower
than the $0 to $0 average in the Financial Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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