QuickBridge Partners with Lendio for Its Turndown Lending Program
Aug. 08, 2018
IRVINE, Calif.--(BUSINESS WIRE)--Aug 8, 2018--QuickBridge, a privately-held, leading financial services firm, announces its participation in Lendio’s turndown program. This partnership marks another milestone in QuickBridge’s commitment to providing business loans to small businesses nationwide. As one of more than 20 participating Lendio turndown program lenders, QuickBridge provides borrowers who have been declined with other options to obtain small business loans.
Lendio is a free online marketplace that helps business owners find the funds they need to grow their business through the company’s network of more than 75 lenders. As a participating member on the Lendio marketplace platform since 2014, QuickBridge is thrilled to be one of Lendio’s early participants in its turndown program, providing small to mid-sized businesses with an even greater chance of loan approval.
The innovative Lendio turndown program allows participating lenders to refer borrowers who have been declined to the Lendio marketplace. The Lendio marketplace then works to connect business owners with a lender that can provide them with the right loan and terms for their specific business needs. Since different loans and lenders have different requirements, it’s typical for small business owners to be approved for some loans and declined for others. For example, if a borrower is turned down for an equipment loan, they may still qualify for a working capital loan.
“We’re excited to continue to deepen our relationship with Lendio through their turndown program and provide small to mid-sized business owners with access to additional financing and funding options,” said QuickBridge co-founder and Vice President of Sales, Jason Osiecki. “Most people think that if they are declined by one lender, they’ll get denied by other lenders. But in fact, different lenders have different lending requirements. I’m thrilled that we can now connect small business owners who don’t qualify with QuickBridge to other lenders who may approve their request.”
The Lendio Turndown program has facilitated more than $60M in loans. “Lendio is pleased to have QuickBridge as a partner in the turndown program,” said Brock Blake, CEO, and founder of Lendio. “Working closely together to provide additional funding options shows our shared commitment to customer satisfaction and to helping America’s small business owners get much-needed access to capital.”
For more information on QuickBridge visit https://www.quickbridge.com/.
Founded in 2011, Quick Bridge Funding LLC (stylized as QuickBridge) is a privately-held financial services firm headquartered in Irvine, California with a satellite office in New York City. QuickBridge provides small business loans and short-term working capital loans for small to mid-sized businesses nationwide. QuickBridge ranked two consecutive years on the Inc. 500 list and is a previous Business Intelligence Group and Equipment Leasing and Finance Association (ELFA) award winner. Visit quickbridge.com.
Products offered by Quick Bridge Funding, LLC and affiliates are business loans only. The products are provided by third parties and subject to lender approval. Loans to customers in California are made or arranged pursuant to a California Finance Lenders Law License. License number: 603 J292.
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. Bringing all options together in one place, from short-term specialty financing to long-term, low-interest traditional loans, our technology makes small business lending simple and decreases the amount of time and effort it takes to secure funding. More information about Lendio is available at lendio.com.
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CONTACT: For QuickBridge
Susan Almon-Pesch, 858-205-0516
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: HEALTH SMALL BUSINESS PROFESSIONAL SERVICES BANKING FDA
SOURCE: Quick Bridge Funding LLC
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PUB: 08/08/2018 09:00 AM/DISC: 08/08/2018 09:01 AM