Lendio CEO and Co-Founder Brock Blake

In this episode of our podcast, we sit down with Brock Blake, the co-founder and CEO of Lendio, to discuss the incredible journey of his company during the COVID-19 pandemic and beyond. Brock shares how Lendio pivoted to help hundreds of thousands of small businesses access vital funding through the Paycheck Protection Program (PPP) and the challenges they faced along the way.
We dive into the impact of the pandemic on small businesses, the importance of integrity in lending, and the innovative technology Lendio is using to streamline the loan process. Brock also discusses the company's exciting new SaaS products aimed at both lenders and borrowers, and how they are leveraging data to better serve the small business community.
Join us as we explore Brock's insights on leadership, the entrepreneurial spirit in Utah, and the lessons he's learned over nearly two decades in the industry. Whether you're a small business owner, an aspiring entrepreneur, or just curious about the world of lending, this episode is packed with valuable information and inspiration.

00:00 - Introduction and Overview of Lendio's Journey
00:19 - Impact of COVID-19 on Lendio
01:54 - Challenges and Sacrifices During the Pandemic
02:35 - Survival Mode and Motivation
03:49 - Navigating the CARES Act and Compliance
05:14 - Fraud and Scams During the PPP
07:20 - Comparing Fraud Levels Across States
08:03 - Identity Verification and Technology Use
11:02 - AI's Role in Lendio's Operations
13:19 - Why Lendio is Not a Lender
14:48 - Longevity in Leadership and Experience
16:08 - Insights on the State of the Economy
19:05 - Phase Two: New Products and Services
25:09 - SBA Loan Processing Improvements
25:47 - Traction with Bank Products
26:50 - Motivation and Daily Routine
30:03 - Leadership Lessons Learned
31:11 - Utah's Unique Business Environment
32:04 - Final Thoughts on Giving Chances

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Our website: https://www.siliconslopes.com
Show Links: https://www.lendio.com/

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