The Bank Slate


Lendistry joins rare company with SBLC license

B.S.D. Capital in Los Angeles has received a license to participate in the Small Business Administration’s 7(a) program. 

The company, which operates as Lendistry, said in a press release that it can now originate 7(a) loans of up to $5 million. Only 14 nondepository lenders have a small business lending company (SBLC) license, and Lendistry said it is the only black-led lender in the group. 

“There are millions of new small businesses entering the market following The Great Resignation, and a significant number of them are owned by women and minorities,” Everett Sands, Lendistry’s CEO, said in the release. 

“These borrowers have always been central to Lendistry’s lending,” Sands added. “The new SBLC license will be a game-changer in the communities we serve – providing even greater capital to even more small businesses across the country.”

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