Lendio Makes Inc. 500 List in Back-to-Back Years
Lendio makes the Inc. 500 for the second straight year with three-year sales growth of 1,059%, and is among seven other Utah companies mentioned.
SALT LAKE CITY, Aug. 24, 2011 (GLOBE NEWSWIRE) -- A year after being named No. 34 on the Inc. 500, Lendio breaks into it again at No. 309.
"We’ve been working hard to create a great product that helps both business owners and lenders alike," said Brock Blake, CEO of Lendio. "Being named to the list two years in a row is extremely satisfying. There are a lot of great companies around the country mentioned in the list this year, it’s an honor to be part of it."
The annual Inc. 500 ranks the nation’s fastest-growing private companies, and represents the most comprehensive look at the most important segment of the economy - America’s independent entrepreneurs. For 30 years, the Inc. 500 has been showcasing some of the best businesses in the country. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
After holding the top spot for Utah companies a year ago, Lendio is third behind VIP International (No. 115) and Real Property Management (No. 257). Other Utah companies that made the top 500 include Neutron Interactive (313), OrangeSoda (360), One on One Marketing (458) and IntegraCore (466).
Lendio made a lot of changes this year to its business model to help it grow even more in the coming years. Some changes include the launch of a technology that matches small businesses owners with viable small business loans and lenders, a new name and a new website.
"These are big changes that will help more businesses find the capital they need - capital that will help them hire more people, and grow their business to have similar success as we’ve had in the last few years," Blake said.
The 2011 Inc. 500, unveiled in the September issue of Inc. (available on newsstands Aug. 23 to Nov. 15 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year’s crop. Aggregate revenue is $10.5 billion, with a median three-year growth of 1,275 percent. The companies on this year’s list employ more than 46,000 people and generated over 35,000 jobs in the past three years. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com/500.
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