JobNimbus Partners With Lendio to Provide Contractors With Simple PPP Loan Access

By Colin Sheehan, RCS Reporter. 

Contractors can increase profitability and grow their business with Lendio, the nation’s leading small business loan marketplace.  

JobNimbus is committed to helping contractors take control of their business. Their strategic partnerships with industry leaders place them in a position to better serve their customers’ needs, and this recent partnership with Lendio is no different. 

Lendio is the nation’s leading small business loan marketplace. Through their partnership with JobNimbus, contractors can now apply for multiple loans through a single application. Additionally, Lendio will help JobNimbus users connect to loan options through their network of lenders. 

Contractors looking to upgrade a building, purchase a new machine, or receive relief from COVID-19 related financial issues, can now apply for a PPP loan or alternative loan through Lendio and continue growing their business. 

This partnership will: 

• Simplify the business loan process. 

• Grant users access to more than 75 industry leaders through a 15-minute application. 

• Allow applicants to receive funding in as little as 24 hours after application approval. 

How the process works: 

When contractors apply for a PPP loan, Lendio will work with them to ensure the application is completed to SBA standards. After the application is approved, Lendio will connect qualified borrowers with SBA-approved lenders. Once the contractor is connected to a lender, the lender will take over the remaining loan process. 

What is a PPP loan? 

The Paycheck Protection Program (PPP) is an SBA, CARES Act-approved loan that helps business owners continue to pay their employees through the Coronavirus crisis. With the PPP loan, businesses may apply for a second draw and could possibly qualify for loan forgiveness. 

All contractors have to do to qualify for a PPP loan is answer a few simple questions. For a first round of PPP, Lendio will help facilitate as much funding as possible to the smallest of businesses.  

An application through Lendio can also connect contractors to alternative loan options. All services are free with no obligation, so apply now and get the funding you need to grow your business. 

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