Fundz

Lendistry Expands To The Lone Star State With Funding Of $5 Million Provided By Texas Capital Bank

PRIVATEAug 09, 2022

Round Type

Funding Round

Los AngelesReal EstateFinanceFintechLending

Description

Lendistry (www.lendistry.com) announced plans today to support underserved small businesses across Texas thanks to funding of $5 million provided by Texas Capital Bank. The purpose of this partnership is to open a physical location in Dallas and to provide access to capital in the state's small business community. With this new partnership, Lendistry will also launch three new lending products that are in high demand: contractor financing, non-profit term loans, and startup financing. Lendistry currently has offices on the east and west coasts in Los Angeles, Orange County, and Baltimore

Quick answer

Lendistry raised an undisclosed amount in a Funding Round round, dated August 9, 2022. Lendistry is based in Los Angeles, California, United States.

How much did Lendistry raise?
Lendistry raised an undisclosed amount in a Funding Round round on August 9, 2022.
What does Lendistry do?
Lendistry currently has offices on the east and west coasts in Los Angeles, Orange County, and Baltimore.
Where is Lendistry based and how big is it?
Lendistry is based in Los Angeles, California, United States. Fundz records about 290 employees.
Who are the decision-makers at Lendistry?
Fundz holds 4 contacts at Lendistry, including the Senior Vice President Human Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Real Estate and Finance around the same time

Companies in the same sectors as Lendistry that raised within 45 days of this round, from Fundz verified event records.

  • Eightco Holdings raised $28M on September 14, 2022.
  • Fazz raised $100M (Series C) on September 14, 2022.
  • Nakamoto raised $250K on September 14, 2022.
  • Momnt raised $9.5M on September 7, 2022.
  • RABC Group raised $6.7M (Series A) on August 31, 2022.
  • Pezesha raised $11M (Funding Round) on August 30, 2022.

Who to call at Lendistry, and when

A new round usually means Lendistry is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Lendistry

Location

Los Angeles, California, United States

About

Lendistry currently has offices on the east and west coasts in Los Angeles, Orange County, and Baltimore. Lendistry will provide contractors who have been in business for two years or more with access to up to $1 million in non-revolving lines of credit, with a preapproval process in place so eligible contractors can bid with confidence. The new Lendistry office is located at 2550 Pacific Avenue, Suite 700, Dallas, Texas 75226, but Lendistry and Texas Capital Bank will introduce their partnership to the Lone Star State at a special event. During the COVID-19 pandemic, Lendistry provided Paycheck Protection Program (PPP) loans to small businesses in all 50 states, becoming the #8 PPP lender in the country in 2021. Lendistry provides economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education. This content was issued through the press release distribution service at Newswire.com. Lendistry is glad to bring them a progressive option." dba Lendistry (lendistry.com) is a minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. Lendistry is a member of the Federal Home Loan Bank of San Francisco, headquartered in a Los Angeles Opportunity Zone. As a previous SBA Community Advantage lender in California, Lendistry was historically one of the top-ranked lenders in that program in the nation, providing responsible financing to small business owners who needed responsible capital to grow.

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Related People

4 contacts
Verified contactsYajaira S., Senior Vice President Human Resources hidden hiddenSee plans and pricing
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Lendistry raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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