News Summary

Lendistry, a tech-enabled small business lender, has secured a $75 million credit facility from East West Bank’s Specialty Finance Group. This credit facility is intended to bolster Lendistry’s Small Business Administration (SBA) 7(a) lending program, which has seen increased demand. The funding will help small business owners access SBA loans, promoting growth and opportunity in local communities. Lendistry has been recognized for its mission-driven lending approach, achieving Preferred Lender status in 2023 and becoming the second-largest non-bank SBA 7(a) lender in the U.S. East West Bank’s support is part of its commitment to aiding small businesses at scale.