How do Lendio franchisees make money?
How do I earn my income as a franchise owner? You earn income by finding small business owners in need of a loan and helping them get funding through Lendio's platform; once funded you earn commission on the loan you helped facilitate.
How much money is needed to start a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How many Lendio franchises are there?
By using Lendio, business owners usually have access to dozens of lenders and assistance in picking the best one for their company. Lendio was founded in 2011 by Brock Blake and Trent Miskin and began franchising in 2016. Since then, it has grown to over 60 franchises located throughout the United States.
What franchise has the best return on investment?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Is Lendio a good company?
Big-name funding partners include Kabbage, OnDeck, Amex, and Fundbox. For those who want to try it, Lendio is undoubtedly worth the effort. Customers report that Lendio's customer service is responsive and helpful, and the application process is fast and easy.
Who owns Lendio?
Brock Blake is the CEO and co-founder of Lendio, the nation's leading small business finance solutions provider. Brock believes that access to capital should be simpler and quicker for small business owners, and he's built a successful company around solving this problem.
Where is Lendio based?
LendioLendio logoIndustrySmall business loansHeadquartersSouth Jordan , United StatesKey peopleChad Iverson, COO Ben Davis, Chief Revenue OfficerWebsitewww.lendio.com3 more rows
What is the highest paying franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Is it smart to buy a franchise?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
What kind of franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Does it cost $10000 to own a Chick-fil-A franchise?
While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner. We are in the restaurant industry - the quick-service restaurant industry, at that.
Why does it only cost 10k to own a Chick-fil-A?
The franchisee only pays the $10k franchise fee. Chick-fil-A pays for (and retains ownership of) everything — real estate, equipment, inventory — and in return, it takes a MUCH bigger piece of the pie. While a franchise like KFC takes 5% of sales, Chick-fil-A commands 15% of sales + 50% of any profit.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
What is McDonald's franchise fee?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How much does a lendio franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
What is a loanio franchise?
Franchise Facts. Lendio is a business that assists in obtaining loans and other short-term and long-term financial products.
How many hours of training does a FDD have?
Yes, they have an initial training program of 40 hours. This includes 40 hours of classroom training. In their FDD they outline who’s in charge of the training. Unlock to find out more.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Are there any lendio franchise opportunities near me?
Based on 2020 FDD data, lendio has franchise locations in 24 states. The largest region is the South with 23 franchise locations.
How does a loanio franchisee help small business?
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!
What is a loanio?
Lendio is a company that matches thousands of small businesses with the financing needed to grow, recharge and thrive. It is an online marketplace, akin to Kayak, AirBnb or Yelp, but for small business loans. It's as simple as owners filling out an application and receiving access to mo...
How Much Does It Cost To Open A Lendio Franchising Franchise?
There are several costs associated with opening a Lendio Franchising franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Is Lendio Franchising Right For You?
Lendio Franchising has gone digital! Here are all of the ways you can find Lendio Franchising online. Oftentimes, you can reach out to current franchisees of Lendio Franchising online. Current franchisees may be able to offer personalized insights into what it is like owning a Lendio Franchising franchise and offer tips to running a successful Lendio Franchising franchise location.
How many lenders does Lendio have?
Lendio is a leading lending franchise with a five star customer satisfaction rating and has more than 75 lenders in more than 15 product categories, making the options you offer better than the competitions.
Where is the Lendio training?
Training – 6-day training at Lendio’s headquarters in Salt Lake city, Utah where some of the brightest minds in the business will educate you on every aspect of the Lendio Franchise; from opening to operating and growing your business.
What does Lendio believe?
Lendio believes in the business owners of America; the visionaries, the dreamers and the doers. We go to bat for those who roll up their sleeves to build something in their own industry with sweat and sheer determination. We support the driven few who imagine possibilities and then dedicate their lives, day after day, to making them a reality. We fuel the American dream.
About Franchise
Lendio makes business loans easy by helping small business owners skip the leg work of looking for a small business loan. Instead of filling out dozens of applications, one application is all they need.
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Complete the form below to get more information, including estimated costs to open and operate this franchise.
What is a loan from Lendio?
Lendio is a free online service that helps business owners find the right small business loans within minutes. With a network of over 75 lenders offering multiple loan products, Lendio’s marketplace is the center of small business lending. As a Lendio franchisee, you’ll help small business owners find the lending option they need by leveraging Lendio’s business loan marketplace.
Why Lendio?
Low Investments: Many traditional franchises require $250K+ in liquid capital, Lendio only needs $5K–$65K
How does Lendio work?
Lendio is fueling the American dream by helping small business owners secure loans through their marketplace of 75+ lenders. Lendio connects entrepreneurs to the right lender that fits their needs to help them secure funding and grow their business.
Is Lendio a franchise?
Lendio is listed in the Franchise Directory under the Business Services category and the Home Based category. It's also listed in the section for Franchises Under $60,000 .
More from Lendio
Lendio makes business loans easy. All it takes is 15 minutes to fill out our small business loan application. It’s online, easy to use, and provides access to real offers from a marketplace of lenders. That means no more shopping around at banks or mountains of tedious paperwork.
Franchising Overview
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Lendio franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Lendio landed on this year’s Franchise 500 Ranking versus previous years.
About Us
Lendio is a free online service that helps business owners find the right small business loans within minutes. With a network of over 75 lenders offering multiple loan products, Lendio’s marketplace is the center of small business lending.
Training and Support
We provide a 40-hour, in-person classroom training upon purchase of a territory. We have a support team of 20+ to assist with business growth planning, deal processing, partnerships, and marketing.
Video
Lendio is listed in the Franchise Directory under the Business Services category and the Home Based category. It's also listed in the section for Franchises Under $60,000 .
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