How 2 Utah tech giants teamed up to help small businesses secure PPP loans

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LEHI — Lendio CEO Brock Blake doesn’t remember where or how he saw it, he just knows what his immediate reaction was when he found out that MX — a fellow financial technology company located just across I-15 in Lehi — had developed an open-source code to simplify Paycheck Protection Program loan applications.

He texted MX executives, one of whom just so happened to be a longtime family friend, asking if they’d be interested in collaborating.

That partnership has resulted in billions of dollars of loans going to small businesses, helping save companies and jobs during the coronavirus pandemic.

“Our mission is ‘Fueling the American Dream,” Blake said. “And we’ve tweaked that during this time to ‘Saving the American Dream.’”

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