News Summary

Lendistry, a tech-enabled small business lender and Community Development Financial Institution, has received an investment from Starbucks Coffee Company through its Community Resilience Fund. This investment aims to support small business growth and community development projects that lack access to capital. Lendistry, established in 2015, has deployed over $10 billion in loans and grants, focusing on undercapitalized entrepreneurs. Starbucks’ investment will enable Lendistry to provide smaller loans to businesses nationwide, fostering job creation and economic development. This collaboration highlights the commitment of both companies to strengthen local communities by empowering small businesses.