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Check out the 10 Best States for Small Business Lending

Lendio is one of the leading online platforms for alternative lending solutions.  The company, which matches businesses with more than 75 lenders, recently released a report highlighting the top 10 states that utilize its services to win lending opportunities.  According to Utah Business “In 2016, Lendio helped facilitate more than $240 million in funding in all 50 states, an 87 percent annual increase of loans originated through its platform. The ranking is based on a calculation of several key indicators, including approval rates and loan sizes, from among thousands of Lendio’s customers from April 2016 to March 2017. Loans were made to entrepreneurs in diverse industries including retail, construction and manufacturing.”

The list coincides with National Small Business Week which took place throughout the first week of May.  Check out the list below, and for more specific information on each state head over to https://www.utahbusiness.com/utah-tops-lendios-list-10-best-states-small-business-lending/

  1. Utah
  2. Washington
  3. California
  4. Virginia
  5. Texas
  6. Florida
  7. New York
  8. New Hampshire
  9. Pennsylvania
  10. Georgia

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