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

Aug 09, 2022•over 3 years ago
Los AngelesFintechLendingFinanceReal Estate

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

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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