Brock Blake — profile dossier

Identity and role

Brock Blake is founder and CEO of Lendio, a small-business loan marketplace based in Lehi, Utah. He signed the March 24, 2020 letter to Congress as Lendio's "Founder & CEO" (archived letter text). Lendio is a marketplace, not a lender: it matches one borrower application to a network of lenders.

Biography

Blake co-founded Lendio in 2011 with Trent Miskin, building on a company that grew out of a Brigham Young University entrepreneurship class and its $50,000 prize (Funding Utah, then Funding Universe). Blake describes himself as an Inc. 500 CEO, and he and Miskin were named Utah region EY Entrepreneur Of The Year in 2020 (Utah Business, Aug. 17, 2023; EY release).

The March 24, 2020 letter and pandemic relief

Blake signed the March 24, 2020 coalition letter, which asked Treasury to direct "upwards of $500 billion" to small businesses through non-bank lenders and stated, "We seek no gain from this crisis."

Lendio ran a free PPP application portal that matched borrowers to more than 300 participating PPP lenders. Its reported figures are facilitated volume: $8 billion in PPP approvals for more than 100,000 businesses through August 2020 (Lendio report, Aug. 19, 2020) and, by Blake's 2023 account, more than $9.8 billion in PPP loans cumulatively (Utah Business). Several fintechs that sat out PPP, including BFS Capital, said they referred their own customers to Lendio. The word "Lendio" does not appear in the December 2022 House fintech-PPP report, and no DOJ, FTC, or SBA Office of Inspector General action against Lendio has been located.

On May 14, 2020 the FTC and SBA sent Lendio a joint warning letter addressed to Blake and to Ethan Hanson, SVP, General Counsel. The agencies said staff had reviewed marketing "by, or on behalf of, Lendio," including IT Media Solutions / sba.com and Merchants Advance Network / manfunding.com, and warned that affiliation, fee, and lender-access claims could mislead small-business consumers. The letter demanded immediate corrective action and a response within 48 hours. It was a warning letter, not a complaint, consent order, judgment, or admission.

No PPP loan to Lendio itself has been located in the SBA loan-level data.

Where they are now (2025–2026)

Blake remains founder and CEO of Lendio, which is privately held and independent.

Sources held in this archive

Original source documents and archived captures

Sources

Lendio report: how its network secured $8 billion in PPP approvals (GlobeNewswire, Aug 19, 2020): Lendio report: how its network secured $8 billion in PPP approvals GlobeNewswire, Aug 19, 2020 (original: globenewswire.com · stored capture)
Lendio PPP disclosures ("Lendio is not a lender"): https://www.lendio.com/agreements/ppp-disclosures local copy
Lendio co-founders named EY Entrepreneur Of The Year 2020 Utah Region (GlobeNewswire, Oct 7, 2020): Lendio co-founders named EY Entrepreneur Of The Year 2020 Utah Region GlobeNewswire, Oct 7, 2020 (original: globenewswire.com · stored capture)
Utah Business, "How Brock Blake co-founded Lendio" (Aug 17, 2023): Utah Business, "How Brock Blake co-founded Lendio" Aug 17, 2023 (original: utahbusiness.com · stored capture)
Banking Dive (BFS referred customers to "the Lendios of the world," May 26, 2020): Banking Dive BFS referred customers to "the Lendios of the world," May 26, 2020 (original: bankingdive.com · stored capture)
FTC/SBA warning letter to Lendio (May 14, 2020): Lendio 5f9f69d0745d (original: ftc.gov · stored capture)
SBA PPP FOIA loan-level data, public_150k_plus_240930.csv and public_up_to_150k_*_240930.csv: SBA PPP FOIA loan-level data, public_150k_plus_240930.csv (original: data.sba.gov · stored capture) (link now dead; copy taken from the Internet Archive, 5 March 2025)
OnDeck letter to Congress (Mar 24, 2020): OnDeck letter to Congress Mar. 24, 2020 (original: ondeck.com) our copy of the letter
LinkedIn, Brock Blake profile (self-reported): LinkedIn, Brock Blake profile (self-reported) (original: linkedin.com · stored capture)