Small Business Lending Marketplaces

Goals

To identify market size, key players and market trends for a company similar to Lendio in order to inform conversations with a new company in the industry.

Early Findings

  • Lendio is an online lending marketplace that targets small businesses.
  • Potential customers use Lendio's platform to fill out a single application and then receive lending offers from Lendio partners.
  • Lendio works with over 75 banks and financial institutions to offer loan options to small business owners.
  • Boefly also offers an online marketplace for small business loans and has partnerships with over 5,000 lenders.
  • Funding Circle provides small business lending options by connecting businesses to its network of 92,000 investors.
  • National Business Capital and Services offers a network of more than 75 lenders who compete to provide small businesses with loans.
  • Become's business loan marketplace gives small business owners access to loans from more than 50 partner financial institutions.
  • Smartbiz Loans is another lending marketplace specializing in small business loans and claims to be the top online marketplace offering SBA loans.

Proposed next steps:

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