Enterprises able to document 2019 finances encouraged to apply at www.mylendistry.com Lendistry CEO Sands: Shorter wait times for well-documented applicants, new clarity from SBA on loan forgiveness, mean now is the time to act
Lendistry, the leading fintech Community Development Financial Institution (CDFI), today said funds remain available for forgivable loans to eligible Atlanta-area small businesses, independent contractors and non-profit organizations.
Mayor Keisha Lance Bottoms announced in April a $10 million commitment, with funding provided by Goldman Sachs under its 10,000 Small Businesses initiative, and with loans provided through Lendistry under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).
To-date more than 1500 small businesses, independent contractors and non-profits nationally have been approved by Lendistry for a total of more than $83 million in PPP funding.
Open to all PPP applicants, Lendistry’s traditional focus is on minority, women and veteran-owned businesses in underserved and rural markets.
Lendistry ranks second nationwide in SBA Community Advantage lending, providing responsible financing to small business owners and their underserved communities.