Honigman Advises Lendistry as it Receives $100MM Debt Facility from KeyBank

Honigman recently represented Lendistry, a tech-enabled small business lender, grant administrator for private and public agencies and resource for undercapitalized entrepreneurs, as it received a $100MM debt facility with $400MM accordion from KeyBank Specialty Finance Lending.

The capital will support Lendistry’s conventional, non-SBA 7(a) lending product for small businesses and entrepreneurs across the nation as they grow, uncover opportunities, and serve their communities.

A Honigman deal team led by Partner Michelle Bleda Drew with support from Associates Jacob P. Stropes and Lauren Legner advised Lendistry on the matter, along with bankruptcy support from Partners Tricia L. Collins and Glenn S. Walter, tax support from Partners James H. Combs and Scott D. Foess, as well as regulatory support from Brandy Bruyere.

Learn more about the transaction here.