Laura Simão, Head of Impact Investing, to Lead New Investment Platform at Lendistry | New
NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) — Lendistry, a minority-led innovator in small business finance, today announces Laura Simão, a leader in impact investing and business management. ‘assets, will lead its efforts to increase access to equity and debt capital to undercapitalized entrepreneurs as a Small Business Investment Company (SBIC).
Based in New York, Laura comes to Lendistry from Goldman Sachs, where she served as vice president of the urban investment group at Goldman Sachs Asset Management and head of the access to capital component of the 10,000 small businesses from Goldman Sachs, an initiative that provides access to education and capital to growing small business owners. Additionally, Laura led the execution of several investments for Goldman Sachs’ One Million Black Women, a 10-year commitment to invest $10 billion to close opportunity gaps for at least one million black women across the United States. A seasoned impact investor known for her innovative access to capital opportunities for underserved entrepreneurs and communities, Laura was responsible for deploying capital for several key investments at Goldman Sachs and was a leader in COVID response efforts. of the company to support small businesses throughout the pandemic. .
“I am inspired by Lendistry’s mission to provide capital solutions to meet the needs of underrepresented small businesses nationally and at scale. It is well known that women and entrepreneurs of color have no not received their fair share of investment capital historically, despite running perfectly viable businesses,” says Simão. “SBA’s SBIC program is a powerful tool to help address this inequity, and Lendistry’s vision, world-class technology and track record of serving the needs of underrepresented entrepreneurs creates a mix that I believe is unprecedented in the fintech space today. I am thrilled to join the team and help Lendistry expand its impact, guided by the belief that we can increase the flow of capital to historically underrepresented entrepreneurs while creating significant value for our investors.”
Lendistry has historically focused on term loans, lines of credit and commercial real estate loans with an end-to-end online application and tiered underwriting processes. However, to be truly impactful in its mission to provide economic opportunity, the lender is committed to innovating in the financial sector when it identifies a gap that prevents undercapitalized business communities from reaching their full potential. In underserved communities, equity creates opportunities for long-term growth.
“I view our SBIC platform as a way to inject greater capital into underbanked communities with an alternative to debt financing,” said Everett K. Sands, CEO of Lendistry. “Laura’s experience, her eagerness to create real change and her unwavering commitment to underserved small businesses make her the only person for the job. She and our team of exceptional leaders will soon offer businesses the double whammy of equity and debt as we continue to scale and expand access to capital to underserved communities.”
BSD Capital, Inc. dba Lendistry (lendistry.com) is a minority-led, technology-driven small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. Lendistry is a member of the Federal Home Loan Bank of San Francisco, headquartered in an opportunity area of Los Angeles. During the COVID-19 pandemic, Lendistry provided Paycheck Protection Program (PPP) loans to small businesses in all 50 states, becoming the nation’s 8th largest PPP lender in 2021. Lendistry was selected by the states of California, Pennsylvania and New York. to administer their Small Business Relief Programs, which distributed grants to businesses that lost significant revenue during the pandemic. As a former SBA Community Advantage lender in California, Lendistry was historically one of the best SBA Community Advantage lenders in the country, providing responsible financing to small business owners who needed responsible capital to grow. Lendistry and its partner nonprofit organization, The Center by Lendistry, are dedicated to providing economic opportunity and incremental growth to underserved urban and rural small businesses and their communities. In 2022, Lendistry SBLC, LLC, a subsidiary of BSD Capital, Inc., became the only SBA-designated small business lending company run by African Americans.
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Image 1: Laura Simao
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