Frequently Asked Questions

Frequently asked questions concept illustration
Diara Burris at The Girl Cave LA in Anaheim, California
Diara Burris, The Girl Cave LA, Anaheim, CA

Have a question about Lendistry, our loans, or our grants? Take a look at our most frequently asked questions.


What is Lendistry?

Lendistry is a minority-led small business lender and SBA Preferred Lender with a fully online application process offering a wide array of loan products. Lendistry also partners with various state and federal agencies to administer their grant programs using our online platform and team of professionals.

Is Lendistry a bank?

No. Lendistry is a lender, but not a bank. By definition, banks take deposits and keep them in accounts for customers.

Where is Lendistry headquartered?

Lendistry is headquartered in Southern California but has offices in multiple states and works with customers and small businesses nationwide.

What is it like to work at Lendistry?

Lendistry is a “work hard and be nice” environment with a progressive and energetic company culture. Most of our team is based in Southern California, but we also have offices across the country. Learn more about careers at Lendistry here.

How can I be sure that I’m working with the real Lendistry?

Unfortunately, the world of small business financing attracts scammers, especially online. On both the lending and grants sides, we have seen reports of other entities who create websites and social media accounts pretending to be Lendistry to try to take advantage of the public. Here are some tips to make things safer for you. Our secure loan and grant application processes start here on this website. If you are unsure about a link elsewhere, come right here and apply instead. If you are speaking to someone and you are not sure if they are legitimately with Lendistry, simply call our Customer Experience Center instead – see the phone numbers listed on the Contact Us page. If you ever have any questions, please feel free to reach out to us.

For the record, we will never:

  • Provide personal customer service or request information via social media. We only answer general questions there.
  • Ask you for fees to apply to one of our grant programs. Applying for a grant is free of charge, always.
  • Ask you for money via any external app or service. Loan fees and payments are collected directly on our portal. The exception is our good faith deposit, which is submitted with an external service. If you’re not sure, call us at 888-594-7270.
  • Ask for your password on the phone or online, or send you an urgent message asking you to help protect your account. Any adjustments to your password are done directly on our portal.
  • Call you to offer login assistance unless you have asked us to.
  • Ask you to provide confidential information or documents outside our portal unless you request an alternative or ask us for assistance with uploading.


What can I expect when I apply for a loan?

Our online application requests information about you, your business, and your business’s finances. It then asks you to upload official documents that support the information you provided. In order for us to follow laws and regulations required for lenders, we have to see these documents and perform verification on your identity and finances.

How quickly your application proceeds depends on the type of loan, how quickly you provide additional information, and other factors, so we can’t give a one-timeline-fits-all answer.

We have guides, videos and resources to help you through every step of the way. Please visit

How do I get an update on my loan application?

Visit MyLendistry to learn about the status of your loan application and more. If you prefer to talk to a person, you are also welcome to call us! Phone numbers are located on our Contact Us page.

Does Lendistry do SBA loans?

Yes, Lendistry is a Small Business Administration (SBA) Preferred Lender and offers SBA 7(a) financing. Learn more and apply here.

What is your minimum credit score?

For most loans, our minimum credit score is 640. However, we participate in several programs that may allow us to be more flexible if you’re not quite there.

What are Lendistry’s interest rates?

Our rates can vary widely because we offer so many different programs.

Although our rates are subject to change, our traditional small business term loans typically range from WSJ prime +2% to WSJ prime + 6.0%. Our traditional SBA 7(a) loans typically range from WSJ prime + 2.25% to WSJ prime + 6.0%. These rates don’t apply to our more specialized programs. All rates depend on the type of loan, the repayment term, and the borrower’s credit and finances.

For example, some programs, like our Small Business Loan Fund designed for businesses in distressed areas, have even lower, below-market rates.

Can my organization work with Lendistry as an ISO or referral partner?

We’re open to referral partnerships. If you are looking to work with Lendistry, please fill out this form.


What can I expect when I apply for a grant?

Every grant program is different. Because we administer the programs and don’t design them ourselves, the process is determined by the agency offering the grants. But basically, you can expect to provide information about your business and a variety of documents to support that information, like identification, tax returns, and more. These are used to prevent fraud, verify your identity and information, and to help determine if you’re eligible for the grant.

You can expect to hear from us throughout the process depending on the communication strategy set in place by the federal or state agency offering the grants.

How do I get an update on my grant application?

You can view your status on the portal where you applied for your grant. Please be sure to save your login credentials and portal URL, and do not visit to view your grant application, as that system is for our loans and won’t recognize your username. If you prefer to speak to a customer service representative, you are welcome to call us! Phone numbers for all currently active programs are located on our Contact Us page.

How can I confirm that a text or email I received is legitimate?

We use email as our main form of communication, and if you opt in, we may also send SMS texts. To confirm that you received a legitimate communication from Lendistry please call our Customer Experience Center and they will confirm for you. Phone numbers for all active programs are located on our Contact Us page.