Lendistry Receives $250K Commitment From State Bank of India (California) to Provide Financial Opportunities for Local Businesses

Newswire

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August 20, 2019

Lendistry announced today the State Bank of India (California) (SBIC) has committed $250K to Lendistry’s CRA Loan Fund I to provide financial opportunities to businesses in underserved communities in the Los Angeles area. SBIC joins a growing number of national and regional banks partnering with the fintech lender to provide capital to small businesses.

“The State Bank of India (California) is pleased to be partnering with Everett and his team. We are quite impressed with the community impact Lendistry has achieved in a relatively short period of time,” says SBIC President and CEO Mr. Rama Amara. “I’m especially pleased to see such strong support of minority and women-owned businesses, in addition to the many small business owners that may not have access to affordable capital. I know Everett and his team will continue to have a deep and sustained impact on the communities of California and many communities nationwide.”

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