Franchise Facts

Lendio is a business that assists in obtaining loans and other short-term and long-term financial products.

How much does a lendio franchise cost?

lendio has a franchise fee of up to $35,100, with a total initial investment range of $33,485 to $111,700.

  • Initial Franchise Fee: $21,450 to $35,100
  • Total Investment: $33,485 to $111,700
  • Working Capital: $1,500 to $12,000
  • Royalty Fee: 50%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

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.

How many franchise locations do they have?

As of the 2018 Franchise Disclosure Document, there are 24 franchised lendio locations in the USA.

Are there any lendio franchise opportunities near me?

Based on 2018 FDD data, lendio has franchise locations in 16 states. The largest region is the Northeast with 7 franchise locations.

AR
CA
FL
IL
MA
ME
MI
NH
NY
OH
PA
SC
TN
TX
UT
VT


This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2018

lendio is graded based on our most recent research.
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lendio Franchise Stats

Total Investment

$33,485 - $111,700
Franchise Fee

$21,450 - $35,100
Franchise Agreement
Initial Term
5 Years
Renewal Term
5 Years
Franchisee Outlet Growth
2015
0
2017
24
Ongoing Fees
Royalty
50.0%
Ad Fees
2.0%
# of Franchised Outlets

24

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 60 hours. This includes 40 hours of classroom training and 20 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 20
Classroom 40
Total 60

Do they offer Territory Rights?

lendio does NOT offer exclusive territories.

Do they have computer and technology support in place?

No. But in some instances, franchises may not need to offer support.

When did they begin franchising?

They began franchising in 2016. The average Other Business Services franchise began franchising in 2011.

Do they offer financing support?

No, but you can click here to fill out our affordability calculator and understand your financing options.
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  • What are the historical franchisee revenues?
  • Do they have any lawsuits?
  • Do they provide Veteran or First Responder Discounts?
  • Do they provide Minority Discounts?
  • Do they use public figures to promote their franchise?
  • Do they disclose any bankruptcies?
  • Are they affiliated with any other franchise brands?
  • How many new outlets have they sold in the last 5 years?
  • How many franchised outlets have closed in the last 5 years?
  • How many franchised outlets have terminated in the last 5 years?
  • Do they operate any company or affiliate outlets?
  • How long is their initial term length?
  • How do they solve franchisee disputes?
  • Are you required to work in the outlet or is this a passive investment opportunity?
  • Do they provide discounts for buying more than one franchise?