[Washington, D.C., January 23, 2024] – 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/
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