5 Mar 2021
Lendistry to Administer Additional $2 Billion in California COVID-19 Relief Grants to Small Businesses, Nonprofits, and Cultural Institutions
Lendistry selected as intermediary to administer new state funding for grants up to $25,000 for small businesses and nonprofits and $50 million in funding for cultural institutions impacted by the pandemic
SACRAMENTO, Calif., March 05, 2021 (GLOBE NEWSWIRE) -- After successfully administering $500 million in California Small Business COVID-19 Relief Grants, Lendistry, the leading fintech Community Development Financial Institution (CDFI), has again been selected to administer an additional $2.075 billion in grants to small businesses, nonprofits, and cultural institutions impacted by the pandemic across California.
The funding reflects a four-fold increase in the grants made available through the California Small Business COVID-19 Relief Grant Program, and as the program’s intermediary, Lendistry will provide grants ranging from $5,000 to $25,000 for qualified small businesses and nonprofits, with $50 million allocated specifically for California nonprofit cultural institutions.