Honigman Represents Lendistry in $100 Million Financing to Provide SBA Paycheck Protection Program Loans

Press Release

Honigman represented B.S.D. Capital, Inc. (d/b/a Lendistry), an SBA lender and community development financial institution, in a financing transaction to borrow up to $100 million from Goldman Sachs to fund the origination of SBA Paycheck Protection Program Loans to small businesses and non-profit organizations through the federal government’s CARES Act. The CARES Act is one of the federal government’s responses to the economic impact of COVID-19.  The financing transaction is a part of Goldman Sachs’ 10,000 Small Businesses initiative 

Lendistry will prioritize loans to small businesses, sole proprietors, independent contractors and entities in underserved and rural markets, targeting the states of California and Florida and the cities of Baltimore, Philadelphia, and Atlanta.  The program will also focus on minority- and women-owned businesses, veteran-owned businesses, and recently-formed small businesses, among others.

The Honigman team was led by Barbara A. Kaye and included Michelle Bleda Drew and Allison M. Jones.

Related Professionals

Related Services

Media Contact

To request an interview or find a speaker, please contact: press@honigman.com

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.