OneUnited Bank Joins with Lendistry to Offer Small Business Loans Nationwide
OneUnited Financial institution, the nation’s most significant Black-owned financial institution, joins with Lendistry, a Black-led fintech, to supply compact small business loans to OneUnited Bank consumers. The Bank’s continuing mission is to shut the racial prosperity gap by giving a resource for phrase loans and non-revolving traces of credit score to compact organizations nationwide.
As portion of its mission, OneUnited Lender released its OneTransaction method and podcast to persuade Black Americans to aim on “one transaction” to near the prosperity hole for their families. The 6 possibilities consist of a lucrative business, homeownership, savings and investments, an improved credit history rating, wills, and insurance policy. With Lendistry, the bank can assistance buyers who are business enterprise house owners in search of resources to develop, buy an present small business, or finance operating capital, in accordance to a press launch.
Lendistry is a Black-led fintech and a chief in supplying equivalent obtain to capital for tiny enterprise homeowners.
Considering that 2015, minority, females, and veteran-owned companies have dependable Lendistry to assist them increase. Lendistry features funding for doing the job cash, expansion, tenant/leasehold advancements, credit card debt consolidation, and for purchasing present companies.
“We started our romantic relationship with Lendistry in 2020 with the Paycheck Safety System (PPP) and continued in 2021 with our OneTransaction Program,” states Teri Williams, OneUnited Financial institution president.
“We’re proud to extend our connection in 2022 to offer you tiny small business financial loans to our buyers nationwide.”
“Access to cash for the enlargement of tiny organizations is what we do,” reported Kerrington Eubanks, SVP of Strategic Partnerships for Lendistry.
“We are satisfied to be a resource for OneUnited Bank’s compact company customers to hook up with us immediately to take a look at new financial options.”
Lendistry is a resource for all OneUnited Financial institution customers for modest company loans through OneUnited Bank’s on the web banking platform and extremely rated mobile app. Organization house owners can accessibility the resource, in its application or in on the net banking, even if their enterprise does not have a business banking romantic relationship with OneUnited Financial institution.
Skills, conditions, and ailments apply which are established by Lendistry.
