Lendistry Lands $75 Million Credit Facility — East West Bank Supports USA’s #2 Non-Bank SBA 7(a) Lender

October 21, 2025

Bob Coleman
Founder & Publisher, Coleman Report

Lendistry Lands $75 Million Credit Facility — East West Bank Supports USA’s #2 Non-Bank SBA 7(a) Lender

I’ve been watching Lendistry’s rise in the SBA world for the past few years, and it’s been nothing short of remarkable. From its start as a mission-driven lender in 2015 to becoming the #16 SBA 7(a) lender in the country, Lendistry has shown a rare ability to do something many nonbanks struggle with — attract serious capital from banks.

That story continues this week. On October 1, Lendistry announced a $75 million credit facility from East West Bank’s Specialty Finance Group. This is the latest in a string of significant capital infusions from major financial institutions. Earlier this year, City National Bank partnered with Lendistry through a $5 million Community Reinvestment grant, joining other regional and national banks that have invested in Lendistry’s community-based small business model.

Lendistry CEO Everett K. Sands said, “We are grateful for East West Bank’s support and eager to deploy these funds to the small business owners who need them. With this capital, we hope to show borrowers and lenders that 7(a) loans can help them take advantage of opportunities and keep growing in times of rapid change — and that technology is the key to opening access to the program in a high-quality way.”

That philosophy has driven Lendistry’s continued climb in the SBA rankings. Through 11 months of FY 2025 (August 31), Lendistry ranks 16th nationally, approving 1,782 SBA 7(a) loans totaling $367 million, with an average loan size of roughly $206,000.

That represents a 78% increase in loan count and a 111% increase in total dollars approved compared to FY 2024, when Lendistry ranked 13th by number of loans and 30th by dollar volume, with 1,002 loans for $173.9 million and an average loan size of about $174,000.

East West Bank’s leadership sees that same opportunity. Andrew Stein, Executive Vice President and Head of Commercial Banking Eastern Region and Specialty Finance, said, “Our relationship with Lendistry reflects East West Bank’s commitment to supporting small businesses at scale. Through this credit facility, we’re helping small businesses reach further — fueling growth and expanding opportunity where it’s needed most.”