Our Impact
In 2024 and across our first 10 years
2015 – 2025
Billion
in grants to 196,000 businesses
Billion
in loans to 444,000 businesses
2024
$400
million in grants to 2,800 businesses
$58
million in loans to 1,400 businesses
Photos from top to bottom: Congressional Black Caucus Annual Legislative Conference, Black Developers Forum, EY Entrepreneur of the Year, NY Stock Exchange Opening Bell, OFN Event at our LA Office with Azura Stevens of the LA Sparks, Congressional Testimony Before the House Committee on Small Business
As Lendistry nears its first 10 years in business, I am beyond proud of what we have accomplished and energized by the work that is still needed to change the game and level the playing field for all small businesses. In the financial world, institutions tend to innovate slowly, but we have shown that it’s possible to move fast and respond rapidly in a responsible, high-quality way.
This year we have won accolades, surpassed milestones, and most importantly, increased our impact on the small business communities we founded Lendistry to elevate. We even entered an entirely new industry.
I encourage you to learn about what we’ve been doing and do what’s in your power to support the small businesses that nourish our communities.
10 Years of Evolution
2015-2017
- Lendistry Launched
- Certified as a CDR by U.S. Treasury
- Received approval for Small Business Administration ("SBA") Community Advantage Program
2018-2019
- Admitted to FHLB
- Launched proprietary origination platform
- Opened LA office in Opportunity Zone
- Certified as a CDE by U.S. Treasury
2020
- Focused on deploying PPP loans
- Selected to administer Pennsylvania Grant Program
2021
- Selected to administer first California COVID-19 Small Business Relief Grant Program
- Approved to originate PPP loans in all 50 states
- Selected to administer New York State and New York City Grant Programs
2022
- Received SBA Small Business Lending Company license, created Lendistry SBLC entity
- Received $35 million in New Markets Tax Credits allocation
- Opened Baltimore, Dallas, NYC, San Jose, Tustin office locations
2023
- Lendistry SBLC received SBA Preferred Lender status
- Opened internal Customer Experience (Call) Center in Tustin
- Selected to administer Illinois State grant program
- Approved more SBA 7(a) loans than any other Black-led institution in 2023
2024
- Milestone of $10 billion in total loans and grants distributed to small businesses
- Becomes Official Small Business Lender of the LA Sparks WNBA team
- CEO Everett K. Sands named as Greater Los Angeles Entrepreneur of the Year and one of the LA 500
- Lendistry Home Loans launched
2015-2017
- Lendistry Launched
- Certified as a CDR by U.S. Treasury
- Received approval for Small Business Administration ("SBA") Community Advantage Program
2018-2019
- Admitted to FHLB
- Launched proprietary origination platform
- Opened LA office in Opportunity Zone
- Certified as a CDE by U.S. Treasury
2020
- Focused on deploying PPP loans
- Selected to administer Pennsylvania Grant Program
2021
- Selected to administer first California COVID-19 Small Business Relief Grant Program
- Approved to originate PPP loans in all 50 states
- Selected to administer New York State and New York City Grant Programs
2022
- Received SBA Small Business Lending Company license, created Lendistry SBLC entity1
- Received $35 million in New Markets Tax Credits allocation
- Opened Baltimore, Dallas, NYC, San Jose, Tustin office locations
2023
- Lendistry SBLC received SBA Preferred Lender status
- Opened internal Customer Experience (Call) Center in Tustin
- Selected to administer Illinois State grant program
- Approved more SBA 7(a) loans than any other Black-led institution in 2023
2024
- Milestone of $10 billion in total loans and grants distributed to small businesses
- Becomes Official Small Business Lender of the LA Sparks WNBA team
- CEO Everett K. Sands named as Greater Los Angeles Entrepreneur of the Year and one of the LA 500
- Lendistry Home Loans launched
A Trusted Partner for Small Businesses, 10 Years in the Making
4.8 Rating
It Takes Green to Go Green: Lendistry Commits to Green Financing
Thanks to programs like the Greenhouse Gas Reduction Fund (GGRF), small businesses will soon have access to capital to adopt clean energy best practices, bid on infrastructure contracts, and enter or expand into the clean energy industry. Lendistry has supported many businesses in this space already, but in 2024 we partnered with Banyan Infrastructure to create a solution that delivers financing effectively and measures its impact on climate change. Learn more
Steve Acevedo, San Juan Capistrano, CA
The New Official Small Business Lender of the Los Angeles Sparks
State Small Business Credit Initiative (SSBCI) and other State Partnerships
Current State Partnerships
State Partnerships in Progress
Lendistry Office Locations
Helping Small Businesses Win & Changing the Game for All
On January 18, Everett served as a witness before the House Committee on Small Business at a hearing called “Unleashing Main Street’s Potential: Examining Avenues to Capital Access”. This was Everett’s fourth time testifying before a full or sub-committee. He was invited to represent CDFIs and bring perspective from a lender that is impacting underserved communities.
“My message today is that the Main Street businesses that power our economy need small-dollar loans to grow to the next level, and right now, an army of CDFIs stands ready to support them…. Yet we work with one hand tied behind our backs due to hurdles that made sense when they were first enacted, but no longer fit today’s financial landscape… In order to do our part to unleash Main Street, we need you to unleash us.”
The Mandala School in Columbia, MD, came to Lendistry for $2.3 million to broaden its educational services in a new 30-acre space. The expansion allows the school to extend its curriculum from 8th grade to 12th grade and increase its student population from 51 to 180. Learn more
AYO Labs, an NY-based, Black woman-owned beauty manufacturer had secured several contracts with large, national suppliers and needed to finance a temporary space in which to fulfill them while a permanent space was in development. Its new location would include a business accelerator and coworking space for other small manufacturers. As one of multiple capital sources, Lendistry provided financing through its Small Business Loan Fund for a temporary space, which AYO will use to fulfill current orders until the permanent location is complete. Learn more
Vermont Slauson Economic Development Corporation (VSEDC) needed $22.2 million to become full owners shopping center that provides essential goods and services and locally-owned boutiques. Uniquely structured as a nonprofit organization and Community Development Financial Institution, VSEDC faces challenges securing real estate financing. Lendistry worked closely with VSEDC to address these challenges and developed a tailored loan solution together. Learn more
Game Changing Capital by Lendistry Capital Partners
Lendistry Capital Partners (LCP) is a woman and minority-led, technology-enabled platform specializing in multi-strategy impact investing and asset management. Building on Lendistry’s legacy as a mission-driven lender and investor, Lendistry Capital Partners aims to foster economic opportunity, promote wealth creation, advance equity and sustainability, and deliver strong, risk-adjusted returns to investors who share our mission.
Investment Strategies for mission driven investors to meet their goals.
LCP provides banks with CRA-eligible investment opportunities. For investors, corporations, and private foundations, we provide strategies to invest in high-impact, high-velocity small business lending with structural protections to drive strong risk-adjusted returns.
Growth Capital to help entrepreneurs scale.
LCP is currently seeking to obtain an SBIC license from the SBA to raise its first Private Credit & Structured Credit fund as a leveraged SBIC fund. The Fund will target diverse companies overlooked by traditional allocators of capital and in sectors poised for growth or targeted for substantial government funding, such as clean energy and renewables, infrastructure, and technology.
L-Capital SBIC Fund Proposed Product Offerings
Private Credit Solutions
- 1st Lien Debt
- Mezzanine Debt
- Receivable Financing (Revenue-based Financing, Contractor Financing, and Purchase Order Financing)
Structured Credit / Preferred Equity Solutions
- Debt (1st Lien and Mezzanine) with Warrants (Equity Kickers)
- Convertible Notes
- Traditional Preferred Equity
Target Businesses
- Demographics: Diverse and/or Underserved Businesses
- Profitability/EBITDA: $3-50M
- Target Investment Range: $500K to $15M
- Operating History: At least 2 years
- Additional Considerations: Proven business model, revenue-generating opportunities (such as contracts with large institutions and/or government entities)
Lendistry Signs the Equity in Infrastructure Pledge
EIP’s mission is to build generational wealth and reduce the racial wealth gap by improving public infrastructure contracting practices for Historically Underutilized Businesses (HUBs). While most signatories are public agencies that create and maintain infrastructure, like New York’s Metropolitan Transit Authority (MTA) and the Airport Minority Advisory Council (AMAC), Lendistry is the first financial institution to sign the pledge. Learn more
Lendistry Brings Equitable Small Business Lending Model to Home Buyers in August 2024
“Together, Lendistry Home Loans and Lendistry will be a holistic capital source for underserved borrowers in the two most impactful pathways to closing the wealth gap: business ownership and home ownership.” – Everett K. Sands
New Partnerships in 2024
SBA Milestones in 2024
Top 10 SBA lender nationwide
Leading Black-led SBA 7(a) Lender
#1 non-bank SBA 7(a) lender for LA County
#2 non-bank lender nationwide
loans
businesses
Novogradac QLICI of the Year Awards: Recognition for Impactful & Innovative Financing
2022 Winner: Metro Category
Destination Crenshaw: $30 million in affordable financing to revitalize a historic Black business district in Los Angeles.
Learn more
2024 Winner: Small Business Category
Small Business Loan Fund: $23.3 million in below-market-rate loans to 15 marginalized businesses nationwide.
Learn more
The Center by Lendistry: 2024
A meaningful difference in local communities.
Climate change | Safe housing | Strengthening resilience
Climate
The Small Business Green Survey Crawl, in partnership with the City of Pasadena, helped communities access funding for clean energy projects and water conservation in drought-stricken areas. TCbL also launched the Contractors Accelerator for Climate Resilience to help small businesses win contracts in renewable energy and green infrastructure.
Read the Climate Resilience Strategy
Housing
The Center partnered with the Los Angeles County Department of Consumer and Business Affairs to deliver the second round of the LA County Rent Relief Program (LARRP). This program provided over $92 million to mom-and-pop landlords, protecting tenants and stabilizing housing in high-need areas.
Read the Op-Ed: How CDFI’s Can Help Fix America’s Housing Affordability Crisis
Resilience
The Center empowered 200+ entrepreneurs through programs like the Credit Builder Program, which provided $2,500 grants and tools to establish strong business credit.
A $100,000 grant from Pacific Premier Bank in partnership with the Federal Home Loan Bank of San Francisco will supercharge the Main Street Goes Green initiative, empowering diverse small businesses to embrace sustainable, climate-resilient practices.
Read the announcement
The Center by Lendistry:
Ongoing Programs
Los Angeles County Rent Relief Program
BeltLine Business Ventures
Contractors Accelerator
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.