City National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000

City National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000
September 30, 2024
By Bob Coleman
Publisher & Founder

“We’re proud to work with financial institutions like City National Bank who share our mission,” says Everett K. Sands, CEO of Lendistry. “The entrepreneurs and small businesses we serve need loans in lower amounts to achieve their goals and reach the next level, but these loans are difficult for traditional banks to provide because of operational and regulatory barriers. As a fintech and CDFI with deep roots in California, we’re able to work with City National to fill that gap.”

“At City National Bank, we recognize the critical role small businesses play – they are the backbone of our local economies,” says David Cameron, Head of Consumer Banking at City National Bank. “We are pleased to be able to help fuel their growth, particularly for business owners in under-resourced communities.”

Lendistry SBLC, Inc.
Los Angeles, California

City National Bank
Los Angeles, California

Lendistry CEO Everett K. Sands leads the management of a team that has funded over $10 billion in lending and is the nation’s only African American-led SBA designated Small Business Lending Company.

Source: Coleman/Lumos Data