Small Business Loan Fund

Providing Access to Fair, Affordable Financing using New Markets Tax Credits.

Eleazar Bueno of Empanadas Monumental smiles as customers entering his small business

Eleazar Bueno, Empanadas Monumental, New York City

Lendistry’s Small Business Loan Fund has been inventively developed from our New Markets Tax Credit (NMTC) allocation to provide affordable financing to Qualified Active Low Income Community Businesses (QALICBs) — building on our mission to help generate economic opportunity in underserved communities.

Learn more about New Markets Tax Credits here.

See what Lendistry’s done with their New Markets Tax Credit allocation here.

Eligible Purposes:

Inventory Purchase, Working Capital, Equipment Purchase, or Property Improvements

Financing Terms:

Loan size: $50,000 – $4 million • Loan term: Up to 5 years • Interest: Below-market rate

The Small Business Loan Fund serves a variety of asset classes, including but not limited to:

  • Operating Businesses
  • Community Facilities, such as:
    • Healthcare
    • Education and Youth Services
  • Neighborhood Retailers and Multi-Service Communities
  • Commercial Facilities with Community Goods & Services
  • Owner-Occupied Commercial Real Estate1

Eligible Communities

Targeted communities are in highly distressed areas and generally have one or more of the following characteristics:

  • Poverty rates greater than 30%
  • Median income less than 60% of area median income
  • Unemployment rates at least 1.5 times the national average

New Markets Tax Credit (NMTC) Funding for Destination Crenshaw Wins Novogradac’s 2022 QLICI of the Year Award

1. Not for real estate investment purposes.