Lendistry Funding: How Much Did They Raise & Key Investors

How Much Did Lendistry Raise?
Funding & Key Investors

Lendistry, a national lender focused on affordable small business loans and grant programs, has secured significant enterprise-level funding, with its total funding reaching $95.5M. The company recently announced a major strategic investment of $85M, underscoring its pivotal role in facilitating capital access for small businesses. This latest financing round highlights Lendistry's ongoing commitment to empowering entrepreneurs and fostering community economic development by dismantling barriers to essential funding.

What is Lendistry?

Lendistry

Finance

Lending & Brokerage

Founded in 2015, Lendistry operates with a clear mission to eliminate obstacles that prevent small business owners from securing the capital necessary for growth and sustainability. The company specializes in providing affordable small business loans and access to government and private grant programs. Offering loan amounts starting at $25,000 with terms extending up to 10 years, Lendistry's financial products encompass business loans, contractor finance, and insurance. Their strategic approach aims to make capital more accessible and provide crucial financial education, thereby supporting small businesses and their respective communities.

How much funding has Lendistry raised?

Lendistry has raised a total of $95.5M across 5 funding rounds:

2017

Debt

$3M

Debt

$500K

2018

Debt

$2M

2022

Private Equity

$5M

Debt

$85M

Debt (2017): $3M with participation from Community Bank

Debt (2017): $500K, investors not publicly disclosed

Debt (2018): $2M supported by Community Bank

Private Equity (2022): $5M featuring Texas Capital Bank

Debt (2022): $85M, investors not publicly disclosed

Key Investors in Lendistry

Community Bank

Community Bank, headquartered in DeWitt, New York, is a full-service bank that offers consumer, business, and financial services, indicating a focus on community-based financial support and lending.

Texas Capital Bank

Texas Capital Bank, founded in 1998 and headquartered in Dallas, Texas, is a commercial bank delivering financial services to Texas-based businesses, suggesting an interest in regional economic development and corporate finance.

What's next for Lendistry?

The recent major strategic investment signifies a critical growth phase for Lendistry, likely enabling the company to scale its operations, expand its product offerings, and enhance its technological infrastructure. This infusion of capital is expected to bolster Lendistry's capacity to serve a broader range of small businesses, particularly those historically underserved by traditional financial institutions. The company's focus on eliminating funding barriers and providing financial education positions it for continued expansion and impact in the small business lending sector.

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