New Financial Opportunities: Small-business funding moves to Skid Row

Posted under: SMB
Date: 2024-02-13
New Financial Opportunities: Small-business funding moves to Skid Row

Lendistry, a financial technology corporation, has moved its national headquarters to Skid Row, Los Angeles, to provide more access-to-capital resources to small businesses and underserved communities. The company has provided $1.4 billion in funding to 114,000 businesses in Los Angeles County and powered the California Small Business COVID-19 Relief Grant Program, the largest state-funded program of its kind in the United States. Skid Row is a Federal Opportunity Zone, which is classified as an economically distressed community. The company's CEO, Everett K. Sands, believes that Lendistry's move will have a circular economic impact on the surrounding neighborhood. The company operates in three verticals: banks, governments, and Fortune 5000 companies. Lendistry, a financial services company, has partnered with banks to enhance credit profiles, operational efficiency, and procurement, and aims to serve as a beacon in Downtown LA.

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