Black Owned FinTech Firm Selected To Disburse $500M in Relief Grants

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Lendistry is a Black owned Fintech (Financial technology) firm that provides short-term loans and other types of financing to small businesses. Small businesses can use Lendistry to finance new projects, purchase new equipment, and more.

Lendistry is also designated both a Community Development Financial Institution (CDFI) and a Community Development Entity (CDE) small business and commercial real estate lender.

On November 30, 2020, the State of California announced that it has selected Lendistry to act as the intermediary charged with disbursing $500 million in COVID-19 grants to California small businesses and non-profits.

The Small Business COVID-19 Relief Grant Program is administered by California’s Office of the Small Business Advocate (CalOSBA), part of the Governor’s Office of Business and Economic Development (GO-Biz).

black owned fintech
Everett Sands, Founder and CEO of Lendistry

“As an organization dedicated to efficiently providing capital to underserved small businesses, and with a deeply experienced senior management team that mirrors the diversity of our home state of California, Lendistry is proud to partner with the CalOSBA in this bold and critical effort,” said Everett K. Sands, Lendistry’s founder, and CEO.

 

Tony O. Lawson


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2 Comments

  1. Do I have to be Black to be here? I am a kinds olive skinned Jew so I will keep it short. I have spend has much of my time with Blacks folks as white,,I was part owner of the best Black after hours club in NYC on 4 Ave, I help launch B.smith when she started to model.. So what.. I have a different point of view than many, I am 77 and still alive, Beware of dirty white man tricks,,The money they are giving is your own back less their cut. Yes I would take it too, But what I really hate is when Biden said he was going to give to those who need it most the Black communities, and business. Well a small Black owned business does not need it more or less than anyone, Black are middle class, not poor on welfare Affirmative action was the same dirty trick It mand it look you could not make it without help And I will shoot myself if I hear again, “happen to be Black” I do know know any race that happens to be..Your thought from Bert.

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