Tag: smallbusiness

Florida Small Business Owner Stays Afloat When Lender and Community Business Organization Join Forces

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Lifelong entrepreneur, Troy Warren, says he would be out of business without the financing he was able to access through Florida SBDC and Lendistry

TAMPA, Fla., August 18, 2025 (Newswire.com)
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Lendistry announces today that it was proud to partner with the Florida Small Business Development Center at Florida International University to finance Miller Time Sportfishing, a local charter fishing business in Islamorada. Due to its diversity of fishing opportunities and competitive charter industry, Islamorada is deemed the sport fishing capital of the world.

“If I had not secured this loan I would be out of business at this time,” says owner Troy Warren, “I had a catastrophic mechanical meltdown on my vessel and had to totally rebuild the boat. I started with my bank. They referred me to the SBDC at FIU, where Bonnie Barnes learned my needs and directed me to Lendistry. I did consider an SBA loan many years ago and gave up, but this process was a night and day difference. When I contacted Bonnie, it was literally the next day and we were in a Zoom meeting and rolling. Shortly thereafter I was in communication with the lender and off we went.”

Bonnie Barnes adds, “I was pleased to provide assistance to Troy, who expressed his intention to retire within the next five years. We then considered his exit strategy, which involved a comprehensive assessment of his boat’s condition and potential upgrades. This proactive approach will help ensure his business is operating at peak performance when he is ready to sell.”

Lendistry partners with SBDC chapters nationwide to create a pathway for business owners who are ready to access capital and grow. The lender has financed over 21,000 businesses in Florida and is a top 10 provider of SBA 7(a) loans in the state. The Lendistry team is attending Florida SBDC Small Business Success Summit on August 18-19, 2025 in Tampa Bay to connect with more Florida business owners and offer opportunities for progressive growth.

About Lendistry

Lendistry (lendistry.com) is a tech-enabled small business lender, grant administrator for private and public agencies, and a trusted resource for undercapitalized entrepreneurs including people of color, veterans, and those in rural communities. Founded in 2015, Lendistry has used technology and community partnerships to deploy over $10 billion in its first ten years. Lendistry was recently named the winner of the LA Area Chamber of Commerce Corporate Leadership Award, BankRate’s Best Minority-Led Business Lender, and one of American Banker’s Best Places to Work in Fintech. Lendistry has both Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certifications, is an SBA Preferred Lender and is now the #2 non-bank SBA 7(a) lender in the country. In collaboration with The Center by Lendistry, a nonprofit business education organization, Lendistry helps business owners achieve their goals and prepare to scale.

Contact Information

Kate Kearns
Sr. Communications Manager
communications@lendistry.com

Source: Lendistry

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August 18, 2025
Chicago Entrepreneur Gives Family Business a New Life at the Airport

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Travelers who grab a Starbucks at O’Hare may not realize they’re also supporting a local, multigenerational bakery on the southside

CHICAGO, August 12, 2025 (Newswire.com)
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Lendistry announces today that it was proud to help LS41 Cafe, Inc., a locally-owned business with deep roots in the southside of Chicago, expand its footprint to O’Hare International Airport.

Thirty-three years ago, when the U.S. Steel mill closed and the neighborhood entered an economic decline, Jorge Perez’s family bakery was collateral damage. Committed to “staying in place”, Jorge bought the building from his parents and promised to someday reopen. He then spent twenty years working with development organizations and was appointed Deputy Commissioner for Chicago’s Department of Aviation in 2008.

Perez learned that airport concessions were key to bringing back his family’s legacy. In 2021, LS41 entered into a joint venture with HMS Host to open multiple locations at O’Hare’s Terminal 5, including Publican Quality Bread, and Butcher & the Burger. In response to demand from United travelers for coffee in Terminal 1, the joint venture recently added a Starbucks there. Revenue from these locations also fuels Chico’s Oven, the bakery Perez reopened in his parents’ original location, and which uses his father’s recipes in addition to new offerings.

Airport concessions are unique and complex business models, Perez says, “Even though we’re in a designated Opportunity Zone, no bank would touch us. None understood the airport business or wanted to learn. I met Everett and Rutger at Lendistry, and we spoke the same language from the start.” Lendistry worked with Perez to provide $817,000 through its Airport Concessions Financing Program, which helped open the airport locations and support future goals.

“It pays to stay in place and be patient,” says Perez, who has lived and worked in his home neighborhood through its decline, and is now seeing it come back with the new Illinois Quantum Microelectronics Park being developed on the old mill property, three blocks from the bakery. “Most people left when the mill closed, but the people who stayed appreciate that we stayed and reopened.” That familiarity, according to Perez, is essential to thriving communities.

About Lendistry
Lendistry (lendistry.com) is a tech-enabled small business lender, grant administrator for private and public agencies, and a trusted resource for undercapitalized entrepreneurs including people of color, veterans, and those in rural communities. Founded in 2015, Lendistry has used technology and community partnerships to deploy over $10 billion in its first ten years. Lendistry was recently named the winner of the LA Area Chamber of Commerce Corporate Leadership Award, BankRate’s Best Minority-Led Business Lender, and one of American Banker’s Best Places to Work in Fintech. Lendistry has both Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certifications, is an SBA Preferred Lender and is now the #2 non-bank SBA 7(a) lender in the country. In collaboration with The Center by Lendistry, a nonprofit business education organization, Lendistry helps business owners achieve their goals and prepare to scale.

Source: Lendistry

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August 12, 2025
Dixie Belle Paint Company Collaborates With North Shore Animal League America to Promote Animal Rescue

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PORT RICHEY, Fla., July 1, 2024 (Newswire.com)
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Dixie Belle Paint Company is thrilled to announce a new collaboration with North Shore Animal League America, the world’s largest no-kill animal rescue and adoption organization. This partnership underscores Dixie Belle’s commitment to community support and animal welfare, reflecting their shared values and missions.

About North Shore Animal League America:

North Shore Animal League America has been a pioneer in the no-kill movement since its founding in 1944. Their mission is to Rescue, Nurture, Adopt, and Educate, working towards a future where all companion animals find responsible, loving homes, free from abuse, hunger, fear, and loneliness. The organization values the inherent worth of all companion animals, the human-animal bond, humane education through their Mutt-i-grees Curriculum, and their global network of rescue partners. With the support of generous friends and donors, North Shore Animal League America continues to make a significant impact in the world of animal rescue.

About Dixie Belle Paint Company:

Founded in 2014, Dixie Belle Paint Company combines the charm of Southern hospitality with exceptional paint and DIY products. Dedicated to handcrafting paints, waxes, and more in small batches, Dixie Belle ensures each product meets the highest standards of quality and care. Their mission extends beyond creating beautiful colors; they aim to foster a sense of community, teamwork, and support among employees and customers. As a thought leader in the industry, Dixie Belle champions the efforts of over 1,500 small businesses worldwide and strives to inspire creativity and artistic expression through their innovative products.

The Collaboration:

This exciting collaboration involves the introduction of the new “Rainbow Kitty” and “Mollie the Collie” decoupage paper as well as our “Paws for a Cause” mylar stencil by Dixie Belle. For every one of these items sold, Dixie Belle will donate $1 to North Shore Animal League America. This initiative not only supports the vital work of North Shore Animal League America but also promotes the joy of creativity and artistic expression among Dixie Belle’s customers.

“Dixie Belle Paint Company is proud to partner with North Shore Animal League America,” said Teri Ronk, CMO of Dixie Belle. “Their dedication to rescuing, nurturing, and finding loving homes for animals aligns perfectly with our values. We are excited to support their mission and make a positive impact in the lives of animals in need.”

Conclusion:

This collaboration highlights the power of community and the positive change that can be achieved when businesses and organizations come together with a shared purpose. Dixie Belle Paint Company and North Shore Animal League America invite everyone to join them in this effort to rescue, nurture, adopt, and educate, ensuring a brighter future for companion animals.

For more information about this collaboration and to purchase the Rainbow Kitty or Mollie the Collie decoupage paper or the Pause for a Cause stencil, please visit Dixie Belle Paint.

Source: Dixie Belle Paint Company

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July 1, 2024
Lendistry Expands Partnership with U.S. Department of Energy to Empower Small Businesses in the Energy Sector

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LOS ANGELES, April 17, 2024 (Newswire.com)
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Lendistry, a leading small business lender, is pleased to announce its partnership with the U.S. Department of Energy’s (DOE) Office of Energy Justice and Equity (EJE). This collaboration aims to ensure the fair, equitable distribution of federal funding and close the gap that often hinders small businesses from competing for contracts and reaching their full potential in the energy sector.

Through this strategic alliance, Lendistry will provide critical resources and access to capital for small businesses, empowering them to thrive in the clean energy transition. By working closely with EJE, Lendistry aims to provide equitable access to financing for local and underrepresented businesses, ensuring that deserving leaders in underserved communities have equal opportunities for economic development.

“DOE prioritizes equity and energy justice in instituting our clean energy transition, and one key to that is supercharging local and underrepresented businesses,” explains Director Shalanda Baker of DOE’s Office of Energy Justice and Equity. “Today’s agreement will provide opportunities that otherwise wouldn’t be available to deserving leaders in communities that, for too long, have been left behind when it comes to economic development.”

Lendistry CEO, Everett K. Sands, adds, “In order to scale and mobilize on government contracts, small businesses need mobilization capital. This is especially true for business owners in underserved and undercapitalized communities. Lendistry is excited to complement the DOE’s funding resources with mission-driven and technology-enabled lending products built to serve the full spectrum of small business owners.”

Lendistry remains committed to supporting businesses at every stage of their journey, providing them with necessary resources and expertise to thrive in the evolving energy landscape. By becoming a trusted resource for all DOE offices and the small businesses they support, Lendistry aims to contribute to the wider mission of boosting U.S. businesses’ competitiveness internationally.

For more information about Lendistry and its partnership with the DOE, please visit www.lendistry.com.

About Lendistry

B.S.D. Capital, Inc. dba Lendistry (lendistry.com) is a minority-led fintech that provides innovative lending products and access to grant programs for small businesses nationwide. Headquartered in a Los Angeles Opportunity Zone, Lendistry uses technology and community partnerships to overcome systemic gaps that inhibit access to capital, and to empower its customers with responsible financing options. Based on its reputation for deploying funds efficiently and equitably, Lendistry’s leadership is often called upon to share their expertise with both government and private organizations. Lendistry has both Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certifications and is a member of the Federal Home Loan Bank of San Francisco. Lendistry SBLC, LLC is an SBA Preferred Lender and the nation’s only African American-led SBA designated Small Business Lending Company. In collaboration with The Center by Lendistry, a nonprofit business education organization, Lendistry dedicates itself to providing economic opportunities and progressive growth for underserved urban and rural small business borrowers and their communities.

Source: Lendistry

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April 17, 2024
Finical Appoints New Chief Operating Officer

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Press Release
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updated: Sep 14, 2021

DALLAS, September 14, 2021 (Newswire.com)
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Finical Holdings, LLC, a leading provider of electronic payments in North America, today announced it has appointed Darrell Peppers as its Chief Operating Officer.

Finical provides credit card processing services to thousands of businesses in North America. Finical markets its services through its relationships with independent sales partners, as well as strategic relationships with various vendors and banks. Finical has over 2,200 sales agents throughout North America.

Peppers brings more than two decades of operations experience to Finical. His well-rounded experience started with Direct Merchants Bank on the card-issuing side and, in 1998, entered the acquiring side with Card Payment Systems. Peppers has held senior management and executive positions with Federated Payments for over a decade and, most recently, as Director of Operations with Easy Pay Direct.

Aaron Nasseh, Finical’s CEO, commented, “Darrell’s intimate knowledge of our industry, and absolute dedication to customer service, makes him uniquely qualified to oversee and lead the expansion of our rapidly growing operations.”

Darrell Peppers commented, “I am thrilled to be aboard, and excited to work with Aaron and the best-in-class management staff, to help make the overall customer experience even better and continue to expand Finical’s reputation as a highly respected payments technology provider.”

Contact:
Tiffany Mclain
tmclain@finicalholdings.com
469-501-7731

Source: Finical Holdings, LLC.

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September 14, 2021