Blue Collar Financial Group vs Lendio Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Blue Collar Financial Group vs Lendio including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	Blue Collar Financial Group Franchise	Lendio Franchise
Investment	$110,000	$30,150 - $117,100
Franchise Fee	$50,000	$28,000 - $46,000
Royalty Fee	Varies	to4K/mo.
Advertising Fee	-	2%
Year Founded	1995	2011
Year Franchised	2005	2016
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Blue Collar Financial Group Franchise	Lendio Franchise
Experience	-	- Desire to build a business - Commitment to the Lendio Mission - Strong connection to your local community - Exceptional Networking skills in your local Small Business Community - $50-$60K in Liquid Capital
Financing Options
	Blue Collar Financial Group Franchise	Lendio Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/No	-/-
Start-up Costs	No/No	-/Yes
Equipment	No/No	-/Yes
Inventory	No/No	-/Yes
Receivables	No/No	-/Yes
Payroll	No/No	-/Yes
Training & Support
	Blue Collar Financial Group Franchise	Lendio Franchise
Training	-	On-The-Job Training: 15 hours Classroom Training: 35 hours Additional Training: Ongoing
Support	-	Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing	-	Ad Templates National Media Social media SEO Website development Email marketing
Operations	-	-
Expansion Plans
	Blue Collar Financial Group Franchise	Lendio Franchise
US Expansion	-	Yes
Canada Expansion	No	-
International Expansion	No	-

Company Overviews

About Blue Collar Financial Group

NO LONGER FRANCHISING

Status: Dissolved

About Lendio

Lendio makes business loans easy by helping small business owners skip the leg work of looking for a small business loan. Instead of filling out dozens of applications, one application is all they need.
As a Lendio Franchisee you will be able to help small business owners find the loan they need to grow their business by leveraging Lendio’s business loan marketplace. By helping your clients complete a single application, they will be reviewed by over 75 lenders, taking the headache of loan applications out of the equation!