Who We Are
In essence, we’re like the guy next door (no, not the creepy guy). We’re like the guy (or gal) next door who runs a business, works hard, then comes home at night to take care of their family and changes dirty diapers and then wakes up the next morning and tries to make it happen again.
And we love it.
Why?
Because we’re trying to help other businesses get the capital they need so they can grow their businesses, add jobs, purchase inventory, and help turn this economy around.
We’ve been so passionate about this that over the last couple years that we developed a technology to efficiently match business owners with the right small business loans.
Why is that so cool?
There used to be a time when a bank or a credit union was a one-size-fits-all solution for any small business. Not anymore. The national business loan approval rate is about 10%. If you’re not good at math, that means only 1 in 10 small businesses get loans.
The lending scene has drastically changed over the last few years. We’re trying to change it again, for the better. So far, the approval rate through our system is somewhere between 50-70%. It’s not a guarantee, but it’s much more efficient than the 10% approval rate nationwide.
Did you know there are thousands of lenders across the country, each with different loan products, qualifications and terms? To navigate through all of them to find the right business loan is nearly impossible.
That’s where we come in. We’ve done that hard part for you. Sign up for a Lendio account, answer a few questions and be matched to the loans and lenders that will give you the best chance for approval.
The history of EZUnsecured and Lendio
Lendio acquired EZUnsecured.com in 2010 to help more business owners have access to thousands of lenders and loan products.
For the last 6 years, Lendio operated as FundingUniverse, trying to help business owners get funding from angel investors and venture capitalists.
Our CEO, Brock Blake, however, soon realized that didn’t help the mainstream American small businesses as much as he wanted to. Most businesses are not the right fit for an investor. We worked hard during those times and didn’t get the results we wanted for our clients. We often had to turn away 90% of our business because investors were not the right fit.
Then the solution came like a lightbulb inside Blake’s brain: business loans would solve the need for the majority of these companies. Most businesses don’t have access or the knowledge to put themselves into the right position to get business financing.
So we went to work on helping companies get business loans, then we launched our technology (which is talked about above), got our own funding and business loans, and now we’re rolling.
In the last couple years we’ve helped businesses secure more than $300 million, and we hope to do more in the coming years.
