These are online companies that connect via Financial Technology to funders of business loans, leasing, working capital, and other finance methods to secure credit approval that meet the criteria of the funder that they represent with the most attractive rate and terms for the applicant.
The list is down to one: licensed in California. In 2000, there were 23 such companies. There are many alternate finance companies with many sources but they do not qualify as an Aggregate Funding Source.
Today they state, “As a Lendio Franchisee you will be able to help small business owners find the loan they need to grow their business by leveraging Lendio’s business loan marketplace. By helping your clients complete a single application, they will be reviewed by over 75 lenders, taking the headache of loan applications out of the equation!”