Lendio Scores $2 Million More To Assist Business Owners In Securing Loans

Exclusive – Off the heels of raising $6 million in venture capital, Lendio has secured another $2 million in debt financing from Square 1 Bank, TechCrunch has learned.

Formerly called FundingUniverse.com, Lendio matches small business owners with banks, credit unions, and other lending sources, employing technology that assist them identify the business loan category and specific lenders that offer the highest probability to secure a loan approval based on credit, industry, revenue, and other parameters.

Less than three months after its debut, Lendio says users have already requested a staggering $1 billion in business loans, so they might be on to something here. The company claims it currently works with 3,500 lenders, with access to more than 13,000 different lending options.

Earlier this year, Lendio expanded its executive team with Zinch co-founder Brad Hagen and Nelson James, co-founder of SEO.com.

If you’re interested in checking out the service, Lendio has arranged for the first 501 TechCrunch readers to sign up for a basic membership account to automatically get 51 percent knocked off the first month. Simply use the code “TechCrunch51” at the proper time during the payment process and you’re good.