Lendio Continues To Serve Small Businesses Through PPP
January 11, 2021
In an interview on CNBC, Lendio CEO, Brock Blake, discusses their commitment to serving small, underrepresented businesses under the latest iteration of the Paycheck Protection Program. The previous program favored larger organizations, but as the leading lending marketplace for SMB customers, Lendio continues to advocate for small borrowers, particularly minority-run, women-run, or other underrepresented businesses. During the last PPP, Lendio’s average loan size was $56,000, and they estimate their efforts contributed to protecting 1.1M jobs.