Ron Busby Sr. is the president and CEO of the U.S. Black Chambers Inc., which is teaming up with Lendistry for the USBC Lending Portal, aimed at leveling the financial playing field for minority women and veteran-owned small businesses. (WI file photo)
Ron Busby Sr. is the president and CEO of the U.S. Black Chambers Inc., which is teaming up with Lendistry for the USBC Lending Portal, aimed at leveling the financial playing field for minority women and veteran-owned small businesses. (WI file photo)

In a landmark collaboration, the and , a minority-owned community development financial institution, have established a groundbreaking initiative, the , aimed at leveling the financial playing field for minority, women, and veteran-owned small businesses.

The venture marks a significant stride in equipping these enterprises with much-needed access to capital, specially crafted to meet their distinct needs and goals. 

Powered by Lendistry, the USBC Lending Portal, emerges as a crucial resource for underserved small businesses, promising more accessible financial solutions, featuring extended loan terms and competitive interest rates, and directly addressing the financial hurdles that often impede businesses in marginalized communities.

Advantages of the initiative include rapid financing availability; extended loan terms of up to 10 years; competitive, market-friendly interest rates; and loan amounts ranging from $25,000 to $5 million. Lendistry not only offers financial resources but also delivers financial education, backed by the commitment of social investors and national banking partners.

, underscored the significance of the partnership.

鈥淯.S. Black Chambers has been a valued ally and friend to Lendistry for years,鈥 Sands said. 鈥淲e鈥檙e excited to make our partnership official in a high-impact way. Accessible technology and community partnerships are the winning combination for bringing access to capital to underserved small businesses, so we expect the USBC Lending Portal to help a lot of communities grow.鈥

Ron Busby Sr., president, and CEO of USBC, also expressed his enthusiasm for the partnership鈥檚 impact.

鈥淭he USBC Lending Portal, powered by Lendistry, is a pivotal development in our mission to support Black businesses. This initiative is a direct reflection of USBC鈥檚 commitment to one of our core pillars: facilitating access to capital,鈥 said Busby. 鈥淏y providing financial solutions, we are not only advancing equitable financial access but also empowering these businesses toward greater success and sustainability.鈥

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James Wright Jr. is the D.C. political reporter for the 老澳门开奖网. He has worked for the 老澳门开奖网 AFRO-American Newspaper as a reporter, city editor and freelance writer and The 老澳门开奖网...

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