About Lendio Franchise
Lendio is a financial services franchise that connects small business owners with lending solutions, helping them navigate the often complex process of securing business funding.
Each location serves as a local resource for entrepreneurs seeking short term and long term loans, lines of credit, and other financial products tailored to their specific needs.
The franchise fee is $46,000 for new owners or $34,500 for existing franchise partners.
Lendio Franchise Cost & Fees
Minimum Investment
$46K
Average Investment
$81K
Maximum Investment
$117K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $34,500 to $46,000 | One-time payment upon signing |
| Royalty Fee | 30% to 70% of Gross Revenues, subject to a minimum quarterly Business Generation Fee of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 2% of Gross Revenues, subject to a monthly minimum fee | National brand fund |
| Total Investment Range | $45,650 – $117,100 | Includes build-out, inventory, working capital |
The investment range of $46K–$117K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (30% to 70% of Gross Revenues, subject to a minimum quarterly Business Generation Fee) and marketing fee (2% of Gross Revenues, subject to a monthly minimum fee) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $34,500 | $46,000 |
| Opening Kit | $1,500 | $7,500 |
| Rent - 3 months | $0 | $9,000 |
| Utility & Security Deposits | $0 | $1,000 |
| Leasehold Improvements | $0 | $5,000 |
| Furniture and Fixtures | $0 | $2,500 |
| Computer System, Equipment & Supplies | $1,000 | $7,500 |
| Business Licenses | $250 | $2,500 |
| Legal and Accounting Fees | $1,000 | $2,500 |
| Initial Marketing Expenditures | $3,000 | $12,000 |
| Insurance | $1,000 | $1,500 |
| Technology Fees - 3 months | $900 | $900 |
| Travel Expenses for Initial Training | $1,000 | $7,200 |
| Additional Funds - 3 months | $1,500 | $12,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | One-third of then-current initial franchise fee for transfers of a controlling interest; $1,000 for non-controlling interest; no fee for heirs or immediate family members |
| Renewal Fee | 20% of our then-current initial franchise fee |
| Technology Fee | Currently $300 per month |
| Audit Fee | Cost of audit, including travel and wages, plus all unpaid amounts due with interest |
| Extraterritorial Fee | 5% of Gross Revenues received respecting Clients serviced outside of your TPR |
| Shared Account Fee | 30% of Gross Revenues received from a Client in another franchisee’s TPR |
| Approved Supplier/Product Testing Fee | Will vary under circumstances |
| Assignment Referral Fee | The greater of: (i) 10% of the purchase price associated with the assignment, or (ii) $2,500 |
| Costs and Attorneys’ Fees | Will vary under circumstances |
| Interest Expenses | Up to the lesser of 18% per year or the maximum rate permitted by law |
| Insufficient Funds | $100 |
| Income and Sales Taxes | Cost of all taxes arising from our licensing of intellectual property to you in the state where your Business is located, as well as any assessment on fees and any other income we receive from you |
| Insurance | Cost of insurance |
| Additional Training or Operating Assistance | Will vary under circumstances |
| Annual Convention | Estimated to be $1,000 to $1,800 per attendee |
| Management Services | Will vary under circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Up to 5 days |
| Classroom Training | 40 |
| On-the-Job Training | 0 |
| Training Location | Utah Headquarters or another location we designate |
| Additional Training | After the Business opens, we will provide training (at times we determine) to any new Managing Principal or Business manager at your expense. We may require that a Principal Owner, any Managing Principal or manager attend or participate by Internet in all supplemental and refresher training programs that we designate. We may charge you a reasonable fee for each supplemental and refresher training program, ranging from $200 to $500 per person per day, plus any travel and accommodation expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected territory of primary responsibility (TPR) |
| Exclusive Territory | No |
| Territory Size | up to 30,000 small businesses |
| Description | You will receive a TPR, which generally will contain up to 30,000 small businesses with principal business offices in your TPR. The TPR will be identified in Exhibit A to the Franchise Agreement. During the term of the Franchise Agreement, if you are in compliance with the provisions of the Franchise Agreement, we will not directly establish and operate or franchise another to establish and operate within your TPR a Lendio® office from which we/they can operate a Lendio® business. We reserve the right, however, to conduct certain activities within your TPR, as further described. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Two additional 5 year terms |
| Renewal Fee | 20% of our then-current initial franchise fee |
| Renewal Conditions | Provide advance notice, comply with current Franchise Agreement, satisfactorily complete any new/refresher training programs, sign new agreement (which may contain materially different terms and conditions), modernize the Business, meet managerial, financial and business standards, and sign a general release of claims. |
| Transfer Fee | One-third of then-current initial franchise fee for transfers of a controlling interest; $1,000 for non-controlling interest; no fee for heirs or immediate family members. An additional fee of the greater of 10% of purchase price or $2,500 if the transferee was introduced by franchisor within 18 months. |
| Transfer Conditions | All accrued monetary obligations must be satisfied, transferee must be approved and meet franchisor's standards, transferee must enter into a new agreement, transferee must complete initial training, lessor must consent to assignment/sublease (if applicable), and you and each Principal Owner must sign a general release and non-compete agreement. |
| Termination for Cause | Franchisor may terminate for various defaults including failure to open business, material violation of agreement, material misrepresentation, felony conviction, failure to conform to System standards, failure to pay fees, insolvency, abandonment, unauthorized transfer, unapproved website use, failure to attend mandatory training, failure to maintain insurance, or offering unapproved products. Some defaults have a 30-day cure period, others 10 days, and some are immediate termination without cure. |
| Non-Compete Period | During the term of the franchise and for 18 months after termination or expiration |
| Non-Compete Details | During the term, you (and each Principal Owner) may not directly or indirectly own, operate, or be connected with any Competitive Business (distributes, promotes, markets, sells or otherwise deals in business financing and related financial products/services similar to Lendio®), except with prior written consent or ownership of less than 1% of publicly traded securities. Post-term, the restriction applies within your former TPR or within 10 miles of its outside boundary, with similar exceptions. Internet-based Competitive Businesses are in violation if they make products/services available to individuals/businesses within the restricted area. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You must designate a Managing Principal who is responsible for day-to-day Business operations on a full-time basis and may not engage in any other business or activity that requires significant management responsibility, time commitments, or otherwise conflicts with their obligations. |
| Required Suppliers | You must purchase the Opening Kit directly from us. You must also license certain proprietary software used in your Business from us. You must purchase and use the Computer System we designate (including the Proprietary Software) from our designated third party supplier or other approved suppliers (if any). |
| Supply Restrictions | You will only promote the Designated Financial Products and offer for sale the Services we designate and you cannot offer for sale or market through the Business any other financial products or services. We or our designees may be the designated or sole source of supply for certain services and products used in your Business. You may not, without our prior written approval, use in operating the Business any products or services not then authorized by us for Lendio® businesses. |
| Franchisor Revenue from Suppliers | We or our affiliates may receive rebates or other payments from suppliers and manufacturers respecting sales of goods, products and/or services to you or in consideration for services provided or rights licensed to such persons, which payments may range from less than 1% up to 10% or more of the price paid for such products or services. During our last fiscal year ended December 31, 2021, we received $141,471 as a result of franchisee purchases of goods, products and services, which represents 0.9% of the total $15,181,629 revenue we received in 2021. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. |
Lendio Franchise Earnings — Item 19
Lendio does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Lendio does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Lendio Litigation & Risk Flags
Clean Litigation RecordLendio has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Lendio System Growth
Total Units
121
Franchised
121
Company-Owned
0
Lendio currently operates 121 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 24 | 14 | 56 |
| 2020 | 20 | 9 | 67 |
| 2021 | 56 | 2 | 121 |
Transfers: 6 | Closures: 25
State Registrations
Registered in 13 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$15.2M
Net Income
$2.7M
Total Assets
$5.7M
Audited by Tanner LLC for year ending December 31.
Lendio Franchise — FAQ
The total investment to open a Lendio franchise ranges from $45,650 to $117,100, per their Franchise Disclosure Document. This includes the initial franchise fee of $34,500 to $46,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Lendio charges a royalty fee of 30% to 70% of Gross Revenues, subject to a minimum quarterly Business Generation Fee of gross sales, plus a 2% of Gross Revenues, subject to a monthly minimum fee contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Lendio Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Lendio to ensure you have the most up-to-date version.
Lendio does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Lendio has been franchising since 2016. The FDD shows an investment range of $45,650-$117,100, a 30% to 70% of Gross Revenues, subject to a minimum quarterly Business Generation Fee royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $34,500 to $46,000 and the total investment ranges from $45,650 to $117,100 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Lendio and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Lendio or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com