lendio is graded based on our most recent FDD research!
Lendio is a business that assists in obtaining loans and other short-term and long-term financial products.
lendio has a franchise fee of up to $46,000, with a overall initial investment range of $30,150 to $117,100.
The upfront investment of any franchised business includes several fees. Check out this investment opportunity to better understand the specific costs required to buy a lendio, such as territory fees, real estate costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important item to review is whether the upfront fees are refundable to you or not. The franchise system must disclose what conditions any of the upfront fees are refundable. A franchise must also provide details of a range of fees if their initial fees are not the same within the franchise. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise.
Can you Afford an lendio Franchise. Complete our Affordability Calculator to find out!
As with any new business, the franchise owner's salary and the earnings from a lendio business depends on a variety of factors. One way to check on the potential revenues or profits earned from a lendio franchise investment is to analzye the franchisor's Item 19 within their FDD. Typically, profits and owner's salary are equitable to the size of the investment and number of locations you buy. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your bottom line and your personal salary
For more details and system-specific data on the earnings of a lendio franchised business, unlock this franchise opportunity
As of the 2020 Franchise Disclosure Document, there are 56 franchised lendio locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2020 FDD data, lendio has franchised locations in 23 states.
Based on our research this franchise opportunity is growing into new cities and could be available in your city. While planning your franchise purchase, you always need to be considering what is a good location for my franchise. Review the potential customer base to assess that the area you are looking at has a need or a market for this business.
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Last Reviewed: 2020
Sector: Business Services
Category: Finance & Legal
Yes, they have an initial training program of 40 hours. This includes 40 hours of classroom training, 0 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
lendio does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
No, lendio does NOT offer comprehensive support for franchisees.
They began franchising in 2016. The average Finance & Legal franchise began franchising in 2014.
No, but you can click here to fill out our affordability calculator and understand your financing options.