Lendistry launched a $23.5 million NMTC-backed fund to expand access to affordable capital for underserved small businesses across the U.S., targeting BIPOC- and women-owned businesses in historically underbanked communities.
Monge Capital supported the fund’s design, developed underwriting parameters, and advised on deployment strategy to ensure compliance with NMTC regulations while maximizing economic impact. The $23.5 million was deployed to 15 borrowers, supporting more than 300 jobs. The initiative was recognized by Novogradac as Small Business QLICI of the Year in 2024.
Supports more than 300 jobs through the deployment of $23.5 million to 15 small business borrowers,
expanding access to affordable capital for BIPOC- and women-owned businesses in historically underbanked communities.
