Lendistry’s CEO, Everett K. Sands, was selected for the 2018 Opportunity Fellows Program. The program, jointly organized by BBVA Compass and Opportunity Finance Network, is an initiative to boost the CDFI industry’s leadership ranks and spur greater access to capital in under-resourced communities. A graduate of the University of Pennsylvania, Mr. Sands spent 19 years in traditional banking before launching Lendistry.
“I’m honored to be named a fellow. This is a great opportunity for CDFI leaders to collaborate towards the development of better strategies and innovations to keep mission-based lenders competitive in the market,” Mr. Sands said.
Mission-driven community development financial institutions (CDFIs) are non-profit and private financial institutions dedicated to delivering responsible financing to underserved communities. As a CDFI, Lendistry provides low rate SBA and affordable traditional term and commercial real estate loans to help build stronger, self-sustaining communities.
The 2018 Opportunity Fellows Program kicks off in May for the first of two training sessions in BBVA Compass’ headquarters city of Birmingham, AL. The second training session is slated for September 2018, and the participants’ final stop for the program will be the OFN Conference in Chicago in October.
Fellows will receive nine months of training with experts in leadership development and diversity, inclusion and equity — all designed to better support their organizations’ efforts to deliver responsible, affordable lending to low-income, low-wealth, and other underserved communities, especially communities of color.
Lendistry is an online small business CDFI lender based in Brea, CA. Since gaining SBA approval in May 2017, Lendistry now ranks 2nd among SBA Community Advantage lenders nationwide.