TouchBistro Partners With Lendio to Facilitate Paycheck Protection Program (PPP) Loan Applications for Restaurants
Summary
Lendio works with more than 75 lenders in the U.S. Its experience providing small businesses with loans means any U.S.-based restaurants (not only TouchBistro customers) will be able to quickly apply for the funds they require through the PPP. “Our focus right now at TouchBistro is ensuring that restaurants have access to everything they need to keep their businesses operational -- from key resources such as our Restaurant Recovery Navigator; technology such as the gift cards and online ordering solutions that our engineering teams fast tracked; and government funding, which we are making easier by partnering with Lendio,” said Alex Barrotti, founder and CEO of TouchBistro. Applying for the PPP loan is typically a complex process, but the team at Lendio have made it easy for restaurants to submit their applications and access the funding they need in a timely manner.” “Its vitally important that we get the economic wheels turning and put these federal loans into the hands of small business owners fast,” said Brock Blake, CEO and co-founder of Lendio. For every new loan facilitated on Lendio’s marketplace platform, Lendio Gives, an employee contribution and employer matching program, provides a microloan to a low-income entrepreneur around the world through Kiva.org. The intuitive platform simplifies and streamlines business operations by seamlessly integrating the most essential restaurant tech solutions in one place – including POS, Payments, Reservations, and much more.
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