Airport Minority Advisory Council (AMAC)
Lendistry is a minority-led fintech and a leader in equal access to capital for small business owners. Underserved small businesses deserve a fair chance at affordable financing—that’s why small business loans from Lendistry are designed with local communities in mind. Since 2015, minority, women and veteran-owned businesses have trusted Lendistry to help them grow.
Now, Lendistry has partnered with AMAC to bring our unique Airport Concession Lending Program to their diverse membership while supporting small businesses to access a breadth of airport concession contracts. Lendistry is one of the few financial institutions offering flexible funding to minority-owned businesses that are Airport Concessions Disadvantaged Business Enterprise (ACDBE) certified and pursuing participation in airport concession contracts.
Term Loans for Airport Concessionaires
- Purpose: Acquisition & Expansion
- Loan Size: Up to $5 million
- Loan Term: Up to 10 years
- Interest Rate: Fixed and Variable
Line of Credit (LOC) for Airport Concessionaires
- Purpose: Acquisition & Construction
- Loan Size: Up to $5 million
- Loan Term: Up to 10 years (LOC: Up to 2 years)
- Interest Rate: Fixed and Variable; LOC: Interest only
Business qualifications: To qualify for an SBA 7(a) loan, businesses must meet the minimum following SBA requirements:
- Operate for profit and be considered a small business, as defined by the SBA
- Be engaged in, or propose to do business in, the U.S. or its territories
- Have reasonable invested equity
- Use alternative financial resources, including personal assets, before seeking financial assistance
- Be able to demonstrate a need for a loan and that the funds will be used for a sound business purpose
- Not be delinquent on any existing debt obligations to the U.S. government
- Commercial Real Estate Property must be 51% owner occupied (based on rental square footage determined by an appraiser)
Lendistry SBLC, LLC is approved to offer SBA loan products under SBA’s 7(a) Lender Program.