Lendistry
Lendistry is a minority-led small business lender founded in 2015, offering a range of financial services including business loans, commercial real estate loans, and SBA loans, with a focus on supporting underserved communities.
Company History
Lendistry was founded in 2015 as a minority-led small business lender headquartered in Southern California. Since its inception, Lendistry has grown significantly, establishing itself as the largest minority-led deployer of capital in the nation. As of May 2024, the company has deployed $9.9 billion in small business loans and grants, supporting 636,000 small businesses. Lendistry has expanded its presence with offices in multiple states, offering a variety of financial products and services.
Business Loans and Financial Products
Lendistry provides various financial products tailored to support small businesses. The company offers business loans starting at $25,000, with terms up to 10 years and funding available within five business days. Lendistry's portfolio includes commercial real estate loans, New Markets Tax Credits, SBA loans, and state-supported programs. Special programs such as contractor finance, grant and loan deployment services, and the Amazon Community Lending program are also available.
Special Programs and Initiatives
Lendistry administers several special programs to support small businesses across various sectors. Notable initiatives include the Contractors Accelerator for Climate Resilience program, the Digital Growth Accelerator for California small businesses, and the Entertainment Business Interruption Fund (BIF) for Los Angeles County's entertainment industry. The Colorado Startup Loan Fund supports underserved startups in Colorado, while collaboration with the U.S. Department of Energy empowers small businesses in the energy sector.
Partnerships and Collaborations
Lendistry partners with numerous financial and community organizations to provide comprehensive support to small businesses. Noteworthy partnerships include those with the Los Angeles Sparks WNBA team, the International Trade Administration for export guidance, and the U.S. Department of Energy. These collaborations enable Lendistry to offer specialized programs like contractor and purchase order financing, enhancing its service offerings and expanding its impact on diverse business communities.
Technical Assistance and Support Services
Through The Center by Lendistry, the company offers technical assistance tailored to the needs of small businesses. Services include grant deployment, loan services, and business readiness initiatives. Additionally, Lendistry provides a 10% discount for ADP® services to its clients. These support services ensure that businesses not only receive financial backing but also gain access to essential resources and expert guidance necessary for growth and sustainability.