Lendistry | Blog

Community Reinvestment Act (CRA): What It Is & Proposed New Changes

May 1, 2023

The Community Reinvestment Act (CRA) helps bring responsible loans to low-income communities that need capital to grow. Changes have been proposed...

Tips for Preparing a Balance Sheet

Apr 24, 2023

A balance sheet shows what a business owns, and what it owes. When a lender approves you for a loan, they are taking on risk—the risk of whether the...

Tips for Preparing Profit & Loss, a.k.a. Income Statements

Apr 17, 2023

Preparing interim and year-end Profit & Loss (P&L) statements, also called income statements, should be business-as-usual for small business...

3 Ways to Improve Your Financial Literacy

Apr 10, 2023

Are you ready to make informed decisions, manage your budget, and optimize your credit at your small business? A strong base of financial literacy...

3 Steps to Take Charge of your Credit Report

Apr 3, 2023

A credit report is a small business owner’s first impression and a foundational document when applying for a small business loan, SBA loan, or even...

How to Find the Right Lender for Your Business: 5 Key Questions to Ask Before You Apply

Mar 20, 2023

Here’s the secret to navigating the finance industry as a small business owner: lenders and banks don’t tell you what they don’t do. This is true of...

Woman-Owned for the Win… and Winning Contracts

Mar 16, 2023

Women will soon become the most influential business owners in the country. They’re opening more new businesses and creating more new jobs than any...

What to Expect When Applying for a Small Business Grant: Find Programs & Be Ready When Opportunities Arise

Feb 14, 2023

What do small business owners need to know before applying for a grant? Receiving a small business grant is great, but applying for one can be...

CDFIs and MDIs Make an Impact Through ECIP Funds

Jan 30, 2023

In simple terms, Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) need to bring in capital in order...