Case Study: Lendio achieves nearly $12B in small business loan approvals with Oracle NetSuite OneWorld

Lendio Reaches Nearly $12B in Small Business Loan Approvals, Powered by NetSuite OneWorld

Lendio, America’s largest small-business loan marketplace, has helped over 300,000 businesses and processed about $11.8 billion in loan approvals. Rapid growth — and the 2020 PPP surge — exposed the limits of QuickBooks: slow, manual CRM-to-accounting imports, single-user access and delayed month-end closes that hindered scaling.

Lendio implemented NetSuite OneWorld to automate imports of journal entries, invoices, payroll and bills, enable simultaneous users and generate customized financial statements. The new ERP handled the PPP volume, streamlined accounting and close processes, and positioned Lendio to expand headcount, lender technology and services as it continues to grow.

Lendio

Kevin Jones

Vice President of Finance