American Lenders Service Company vs Lendio Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of American Lenders Service Company vs Lendio including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	American Lenders Service Company Franchise	Lendio Franchise
Investment	$50,000 - $513,000	$30,150 - $117,100
Franchise Fee	$5,000	$28,000 - $46,000
Royalty Fee	-	to4K/mo.
Advertising Fee	-	2%
Year Founded	-	2011
Year Franchised	-	2016
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	American Lenders Service Company 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
	American Lenders Service Company Franchise	Lendio Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/-	-/-
Start-up Costs	-/-	-/Yes
Equipment	-/-	-/Yes
Inventory	-/-	-/Yes
Receivables	-/-	-/Yes
Payroll	-/-	-/Yes
Training & Support
	American Lenders Service Company 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
	American Lenders Service Company Franchise	Lendio Franchise
US Expansion	-	Yes
Canada Expansion	-	-
International Expansion	-	-

Company Overviews

About American Lenders Service Company

American Lenders Service Company is the leading provider of collateral recovery services. We are capable of servicing and skip-tracing a lender’s loan account in default regardless of the whereabouts of the collateral. We also deal with repossession, investigations, and remarketing. To qualify for a franchise you need a minimum net worth of $50,000 and at least grade 12 education. You must also have no criminal record and a clean driving record. You also need to have money management and business skills, good communication skills, a basic knowledge of the automotive industry and mechanical equipment.

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!