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Everett Sands' Lendistry helped distribute COVID relief funds to underserved minority-owned businesses at a time when they needed aid the most.
Everett Sands says that his grandfather is the reason he works so hard to create wealth within Black communities. Lendistry, his company, is the leading Black-led financial institution in America. Because of his grandfather's experiences owning a business that was hampered by bad financial advice, Sands said he's motivated to work as hard as he can to invest in business owners in every way that he can. As the COVID-19 pandemic raged, Lendistry moved swiftly and became the administrator of over $2.5 billion in funds to distribute to small and minority-owned businesses in California. Lendistry was then tapped by the Small Business Administration to distribute $28.6 billion in the Restaurant Revitalization Fund (RFF); Sand's company also struck a partnership deal with Amazon to provide lending services to small-business sellers.