Lendio Secures $8 Billion in PPP Loans for 100,000 Small Businesses

Lendio, the nation’s leading marketplace for small business loans, today announced it has facilitated $8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date. Partnering with 300 SBA-approved financial institutions and fintech lenders across the country, Lendio has helped secure COVID-19 relief funds for many underserved segments of the small business community. Lendio released a report today highlighting the impact of PPP loans facilitated through its platform from April 3, 2020, to June 30, 2020. The report shows the regional, demographic and industry distribution of loans in all 50 states, the District of Columbia and the U.S. Virgin Islands to date.