Cynthia Nevels
In a landmark collaboration, U.S. Black Chambers, Inc. (USBC) and Lendistry unveil the USBC Lending Portal Powered by Lendistry, a groundbreaking initiative aimed at leveling the financial playing field for Minority, Women, and Veteran-Owned small businesses. This venture marks a significant stride in equipping these enterprises with much-needed access to capital, specially crafted to meet their distinct needs and goals.
The USBC Lending Portal, powered by Lendistry, emerges as a crucial resource for underserved small businesses. It promises more accessible financial solutions, featuring extended loan terms of up to 10 years and competitive interest rates, directly addressing the financial hurdles that often impede businesses in marginalized communities.
Key advantages of the USBC Lending Portal Powered by Lendistry include:
Rapid financing availability, with funds accessible in as little as five days
Extended loan terms of up to 10 years
Competitive, market-friendly interest rates
Loan amounts ranging from $25,000 to $5 million
Lendistry, a trailblazer in fostering economic growth for small business owners in underserved communities, is at the forefront of this initiative. Merging technological efficiency with responsible lending practices, Lendistry not only offers financial resources but also delivers financial education, backed by the commitment of social investors and national banking partners.
Everett K. Sands, President of Lendistry, underscores the significance of this partnership “U.S. Black Chambers has been a valued ally and friend to Lendistry for years. We’re excited to make our partnership official in a high-impact way. Accessible technology and community partnerships are the winning combination for bringing access to capital to underserved small businesses, so we expect the USBC Lending Portal to help a lot of communities grow.”
As a minority-led Community Development Financial Institution, Lendistry is devoted to nurturing economic prosperity for small businesses in overlooked urban and rural areas. The organization works closely with its non-profit affiliate, The Center by Lendistry, to provide small businesses with essential support services such as technical assistance, business courses, and access to various programs.
Ron Busby Sr., President & CEO of USBC, expressed his enthusiasm for the partnership's impact, emphasizing, "The USBC Lending Portal, powered by Lendistry, is a pivotal development in our mission to support Black businesses. This initiative is a direct reflection of USBC's commitment to one of our core pillars: facilitating access to capital. By providing tailored financial solutions, we are not only advancing equitable financial access but also empowering these businesses towards greater success and sustainability."
USBC encourages small businesses from underserved backgrounds to explore the opportunities offered by the USBC Lending Portal Powered by Lendistry. This innovative borrowing approach is poised to make a substantial impact on the economic landscape for minority, women, and veteran-owned businesses.
For further details and to access the USBC Lending Portal Powered by Lendistry, visit https://usblackchambers.org/lendistry/.
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About U.S. Black Chambers, Inc.:
The U.S. Black Chambers, Inc. (USBC) provides committed, visionary leadership, and advocacy in the realization of economic empowerment. Through the creation of resources and initiatives, we support a network of African American Chambers of Commerce and business organizations in their work of developing and growing Black enterprises. Learn more at usblackchambers.org.
About Lendistry:
B.S.D. Capital, Inc. dba Lendistry (lendistry.com) is a minority-led fintech that provides innovative lending products and access to grant programs for small businesses nationwide. Headquartered in a Los Angeles Opportunity Zone, Lendistry uses technology and community partnerships to overcome systemic gaps that inhibit access to capital, and to empower its customers with responsible financing options. Based on its reputation for deploying funds efficiently and equitably, Lendistry’s leadership is often called upon to share their expertise with both government and private organizations. Lendistry has both Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certifications and is a member of the Federal Home Loan Bank of San Francisco. Lendistry SBLC, LLC is an SBA Preferred Lender and the nation’s only African American-led SBA designated Small Business Lending Company. In collaboration with The Center by Lendistry, a nonprofit business education organization, Lendistry dedicates itself to providing economic opportunities and progressive growth for underserved urban and rural small business borrowers and their communities.
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