Lendistry is a minority-led, technology-enabled Community Development Financial Institution and Community Development Entity small business and commercial real estate lender. Lendistry ranks second nationwide in SBA Community Advantage lending, providing responsible financing to small business owners and their underserved communities. Lendistry is a member of the Federal Home Loan Bank of San Francisco, and is headquartered in a Los Angeles Opportunity Zone with an additional location in a Baltimore Opportunity Zone.
Lendistry’s non-profit related entity, The Center for Strategic Economic Studies and Institutional Development, provides technical assistance, educational, and other services to many of Lendistry’s small business customers.
PPP Loans Originated
Small Business Relief Grants
Small Businesses Supported
Filling the Gaps in Mainstream Finance
Lendistry ranks second nationwide in production of loans for the U.S. Small Business Administration Community Advantage loan program, a pilot program introduced in 2011 to increase SBA-guaranteed loans to small businesses in underserved areas. With both Community Development Financial Institution and Community Development Entity certifications, Lendistry engages through a variety of federal programs to deliver affordable, responsible funds to businesses in underserved and low-income areas.
Demonstrated by its reach, technology, and operational and capital capacity, Lendistry has both the ability and interest to serve a broad market and fill in the lending gaps that mainstream finance traditionally overlooks. Lendistry looks forward to working with Congress, the SBA, and the CDFI fund to fulfill the potential of helping even more U.S. small businesses and local economies.
Lendistry also offers business coaching, financial education, and technical assistance through its nonprofit partner organization, The Center.
Lendistry and COVID-19 Response to Small Business Recovery
In response to the COVID-19 crisis, Lendistry has stepped up to provide desperately needed capital to small businesses struggling amid the pandemic, both as a lender and as an administrator of state and local grant programs made possible by the Coronavirus Relief Fund under the CARES Act.
Despite a rapidly changing environment and the challenge of implementing an unprecedented program with frequently evolving rules, Lendistry harnessed the power of its technology and its team to quickly expand its service area from one state to 12 states and processed and approved over $180 million in Paycheck Protection Program (PPP) loans to more than 3,500 small businesses.