Impact 2023
million in grants to 24,244 businesses
million in loans to 1,323 businesses
million in loans using New Markets Tax Credit allocation
This page shows the impact our company has made in the past year, and the leaders who have called on us to share our experience. Our environment of constant improvement, attention to customer needs, and commitment to technology is working, because in 2023, Lendistry became an SBA Preferred Lender and was confirmed as the #1 African American-led SBA 7(a) lender in the country. Let me be clear: we intend to become #1 overall.
We’re changing the game for underserved business owners, and I invite you to join us.
Lendistry SBLC: #1 African American-led 7(a) lender in 2023
SBA Preferred Lender providing a unique, automated pathway to SBA loans that can fund qualified applications in as little as two weeks
Fresno Metro’s Clean Shared Mobility Network
The most polluted neighborhoods in Fresno, CA needed a clean energy solution to historic gaps in transit infrastructure. The Fresno Metro Black Chamber of Commerce (FMBCC), a nonprofit, stepped up to create the Clean Shared Mobility Network: a fleet of electric rideshare vehicles with an affordable, innovative, and sustainable program. They had a stellar plan, but they needed capital to get it off the ground.
A Few of Our Favorite 2023 Customers
Click on a customer for more information.
All Things Plush
Anchored by Peace
Foster Plumbing
Girl Cave LA
Glow Spa
Maria Empanada
Sky Photos
Stadler IP Law
Truce Media
All Things Plush Syracuse, NY
Ciarah Richardson
All Things Plush is an embroidery business that customizes apparel and accessories for local businesses and designers. With the funding Ciarah received from the New York State Seed Funding Grant Program, she purchased a storefront and equipment to meet with customers in-person.
Watch Customer Video
Anchored by Peace Tustin, CA
April Thornton
Anchored by Peace is a therapy business that provides counseling for self-awareness, body image, relationships, and more. The funding April received from the California Dream Fund helped her business reach the next level.
Foster Plumbing Denver, CO
Foster Plumbing Family
Foster Plumbing is a commercial plumbing company and one of the few woman-owned, medium-size plumbing businesses in its market. The Foster Plumbing team used the loan they received through the Colorado CLIMBER fund to expand their services.
Watch Customer Video
Girl Cave LA Los Angeles, CA
Diara Burris
Girl Cave LA is a beauty supply business with multiple locations throughout California and a location in Texas. Diara leveled up her business with the grant funding she received from the California Dream Fund.
Glow Spa Rochester, NY
Channel Sabado
Glow Spa is a full-service luxury day spa that provides facials, waxing, massages, teeth whitening, and body treatment services. Channel used the funding she received from the New York State Seed Funding Grant Program to hire more team members to better serve her clients.
Watch Customer Video
Maria Empanada Denver, CO
Lorena Cantarovici
Maria Empanada is a quick-service, casual restaurant that serves Argentinian empanadas in three locations throughout Colorado. The loan that Lorena received from the Colorado CLIMBER Loan Fund boosted her business’s working capital for day-to-day operations.
Watch Customer Video
Sky Photos Rensselaer, NY
Craig Weston
Sky Photos is an aerial and ground photography and cinematography business in the Capital District of New York. With the funding he received from the New York State Seed Funding Grant Program, Craig leveled up his business’s marketing to reach more business owners.
Watch Customer Video
Stadler IP Law Buffalo, NY
Rebecca Stadler
Stadler IP Law is an intellectual property law firm that works with small businesses on their trademark needs, copyright needs, and patents. The funding Rebecca received from the NY State Seed Funding Grant Program allowed her business to recover from the pandemic and expand its client base.
Watch Customer Video
Truce Media Denver, CO
Julie Jackson & Brandon Naughton
Truce Media is a member-owned production studio that creates its own television and movie projects and provides multi-media production services to businesses. The loan that Julie and Brandon received helped them stabilize the business’s cash flow and manage their team’s payroll.
Watch Customer Video
Deploying
Capital with
Government
Partners
Hover over an orange circle to learn more.
California Small Business COVID-19 Relief Grant Program (CRG)
The California Small Business COVID-19 Relief Grant Program (CRG) became the largest state-funded COVID-19 response in the country and a model for how to create an equitable small business ecosystem. It began as a short-term, rapid-response effort to help small businesses all over California get through the pandemic. On December 30, 2020, the first round of applications opened for a $500 million program; when it finally closed in June of 2023, the program had deployed nearly $4 billion.
California Small Agricultural Business Drought and Flood Relief Grant Program
California Small Business & Nonprofit COVID-19 Supplemental Paid Sick Leave Relief Grant Program
Los Angeles County Economic Opportunity Grant Program
Illinois Back to Business (B2B) New Business Grant Program
- Louisiana Micro Lending & Loan Guaranty SSBCI Programs
- Maryland BusinessWorks Loan to Lender, an SSBCI program
- New York State Contractor Financing Program, an SSBCI Program
Helping Small Businesses Win & Changing the Game for All
On 9/25/2023, Everett K. Sands joined the Congressional Black Caucus Foundation’s 52nd Annual Legislative Conference for a “Financial Services Brain Trust” panel with Congresswoman Maxine Waters, Christopher Williams of Siebert Williams Shank & Co., LLC, and Robert Smith of Vista Equity Partners.
A New Take on New Markets Tax Credits
- – The word got out in 2023 about our Small Business Loan Fund, which was designed to provide below-market-rate loans and spur investment in disadvantaged communities. Learn More
- – In July, NMTCs helped Lendistry provide Boys & Girls Clubs of Puerto Rico access to $7 million in financing to help expand their mission.
Learn more.
The lower the cost of the capital for the CDFI, the lower the cost for the business owner who gets the loan… And the more capital a community lender can borrow, the more it can then lend out.
Game Changing Capital in 2023
The U.S. Treasury awarded Lendistry a $100 million bond for projects in low-income and distressed communities. This is our first CDFI Bond Guarantee Program bond issuance and provides us with affordable capital to deploy.
New Partnerships in 2023
International Trade Administration
U.S. Black Chambers
ADP
Shoppe Black
First Independence Bank
Next Street
Vista Bank
The Evans Agency
Wadeco Business Center, LLC
Harlem Entrepreneural Fund NYC
SBA Milestones in 2023
SBA Preferred Lender Status
Leading Black-led SBA 7(a) Lender
in loans
businesses
total SBA 7(a) loans for Black-owned businesses from all lenders
Expanded Footprint in OC in 2023
Lendistry was originally founded in Brea in a small office, but our team quickly outgrew it during the pandemic. In February of 2023, we cut the ribbon on a brand new office in Tustin. This new office was designed, equipped and furnished using local small business vendors and celebrates our roots with original, branded artwork that keeps our team energized and connected to our mission.
Speakers included Everett K. Sands, Fiona Ma, California State Treasurer, Tara Lynn Gray, Director of the California Office of the Small Business Advocate, and a Lendistry customer based in Orange County.
“My team will tell you we move fast here. A month here is like a year in the outside world. It’s because underserved businesses are innovating faster than financial institutions, they have waited too long for a partner that is worthy of them, and change can’t happen soon enough.” – from Everett’s opening remarks
businesses
%
minority-owned
%
women-owned
million
Our impact in Orange County
inbound calls
outbound calls
Customer Experience Center, In House and Open in 2023
An essential part of “access to capital” involves access to a professional, mission-driven team who are there to help underserved business owners get their applications across the finish line.
During the pandemic when our team temporarily went remote, we began offering this means of contact through two outsourced call centers—one woman-owned, and the other a Spanish-speaking team.
This year, we evolved our customer experience model to an in-house strategy. This on-site Customer Experience Center (CEC) went from idea to fruition in 45 days with a team trained to assist callers and give them the Lendistry experience, and make outbound calls to expand the impact of specific programs.
The Center by Lendistry:
Access to Resources & Financial Literacy in 2023
Los Angeles County Rent Relief Program
BeltLine Business Ventures
A small business accelerator aimed at helping local BIPOC-owned businesses grow, create jobs, and generate wealth in communities along the Atlanta BeltLine
Contractors Accelerator
A program designed to help women- and diverse-owned Southern California small businesses gain the knowledge and skills to pursue public contracts
Digital Growth Accelerator
CDFA Equitable Lending Learning Series
©2024 B.S.D. Capital, Inc. dba Lendistry. All rights reserved. (https://www.nmlsconsumeraccess.org) Loans originated by B.S.D. Capital, Inc. dba Lendistry are made pursuant to state law and may not be available in all states. NMLS# 1945565. SBA loans originated by Lendistry SBLC, LLC, a wholly owned subsidiary of B.S.D. Capital, Inc. dba Lendistry. Lendistry SBLC, LLC is approved to offer SBA loan products under SBA’s 7(a) Lender Program. NMLS# 1571851.
California residents: Loans made or arranged pursuant to a California Finance Law license. B.S.D. Capital, Inc. dba Lendistry California Finance Lender, License #60DBO-66872. Lendistry SBLC, LLC California Finance Lender, License #60DBO-49327.