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Lendistry Closes $85 Million Senior Debt Offering In One Of The Largest Institutionally-Led Capital Raises By A Cdfi In 2022

Oct 25, 2022about 3 years ago
Los AngelesFintechLendingFinanceReal Estate

Description

Lendistry, a minority

Company Information

Company

Lendistry

Location

Los Angeles, California, United States

About

Lendistry is a minority-led and technology-enabled small business and commercial real estate lender, providing responsible financing to small business owners and their underserved communities. Lendistry is a Community Development Financial Institution (CDFI), a member of the Federal Home Loan Bank of San Francisco, and is headquartered in a Los Angeles Opportunity Zone. During the COVID-19 pandemic, Lendistry provided Paycheck Protection Program (PPP) loans to small businesses in all 50 states and was selected by the states of California, Pennsylvania and New York to administer their small business relief programs, which distributed grants to businesses that lost significant revenues during the pandemic. Lendistry and its nonprofit partner organization, The Center by Lendistry, are dedicated to providing economic opportunities and progressive growth for underserved urban and rural small business borrowers and their communities.

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