Lendistry is a minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. 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.
In 2020, Lendistry provided Paycheck Protection Program (PPP) loans to small businesses in all 50 states and was selected by the State of California to administer the California Small Business COVID-19 Relief Grant Program, which distributed grants to small businesses that lost significant revenues during the pandemic. Lendistry is dedicated to providing economic opportunities and progressive growth for underserved urban and rural small business borrowers and their communities.
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
Fair and equal access to capital is a game changer for small businesses in historically underserved communities. A combination of personal, in-depth customer service, innovative technology, and institutional partnerships gives Lendistry the ability to reach small business owners who may think they can’t qualify for financing, and prove them wrong.
Collaborations with Congress, the U.S. Small Business Administration, and the Community Development Financial Institution fund all support Lendistry in its mission to help even more small businesses and local economies.
Lendistry also offers business coaching, financial education, and technical assistance through its nonprofit partner organization, The Center for Strategic Economic Studies and Institutional Development. Together, Lendistry and The Center provide business owners with the capital and training they need to grow and serve their communities.
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. Lendistry’s innovative model and reputation for high-level collaboration made it the ideal 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 unprecedented programs with frequently evolving rules, Lendistry’s agile technology and experienced team quickly expanded its service area from one state, to 12 states, to all 50 states to process and approve hundreds of millions in Paycheck Protection Program (PPP) loans to thousands of small businesses.