What does a Lendio Franchise Cost?
Lendio franchise fees for 2024:
Cash Investment: $55,000 to $65,000
Total Investment: $45,650 to $117,100
Minimum Net Worth:
Franchise Fee: $53,500
Royalty: No royalty but commission splits apply
Ad: Minimum of $100 or 2% of gross revs
Item 19: No
Visa Candidates: No
Passive Ownership: Yes
Home-Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes, 10% off of the territory fee
Is Lendio a Semi Absentee Franchise with a Passive Ownership Opportunity?
Yes. Lendio is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.
Is Lendio a Home Based franchise?
Yes. Lendio is a home based franchise opportunity.
What Do Lendio Franchise Owners Make?
This information is not available. Lendio does not offer an Item 19 in their Franchise Disclosure Document.
Is Lendio a Master Franchise Opportunity?
No. Lendio is not a master franchise opportunity.
Does Lendio Offer a Veteran Discount?
Yes. Lendio franchise does offer a veteran discount.
Does Lendio Work with E2 Visa and EB-5 Visa Candidates?
No. Lendio franchise does not work with E2 Visa and EB-5 Visa candidates.
Is Lendio Looking for Franchisees in Canada?
No. Lendio franchise is not looking for Canada franchisees.
Is Lendio Looking for International franchisees?
No. Lendio franchise is not looking for International franchisees.
Where can I see Lendio's FDD (Franchise Disclosure Document)?
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.