Lendistry Secures $5M to Empower Small Businesses

Lendistry, a minority-led small business lender and fintech, has successfully raised $5,000,000 in investment capital. This funding round marks a significant step for the company as it continues to expand its mission of providing financial access to small businesses nationwide. The capital infusion will support Lendistry's strategic objectives and enhance its capacity to serve a broader range of entrepreneurs. As a leading financial institution, Lendistry offers innovative lending products and facilitates access to grant programs for small businesses across the country. The company holds both Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certifications, underscoring its commitment to community development. Additionally, Lendistry is a member of the Federal Home Loan Bank of San Francisco. Lendistry SBLC, LLC operates as an SBA Preferred Lender and holds the distinction of being the nation’s only African American-led SBA designated Small Business Lending Company, reflecting its unique position in the financial landscape. This $5,000,000 investment will enable Lendistry to further its core mission. The company plans to strategically deploy the funds to accelerate its growth initiatives, including enhancing its technology platform and expanding its reach to more underserved urban and rural small business borrowers. This financial boost is crucial for Lendistry's ongoing efforts to deliver economic opportunities and foster progressive growth within these communities, often in collaboration with The Center by Lendistry, a nonprofit business education organization. Looking ahead, Lendistry is positioned for continued expansion. The company aims to strengthen its role as a vital resource for small businesses seeking capital, further solidifying its presence as an impactful player in the fintech and community lending sectors, dedicated to fostering economic resilience and opportunity.