Last reviewed: October 2, 2026
Disclaimer: This review summarizes publicly available information, including customer reviews, forum posts such as Reddit, BBB and Trustpilot listings, court records, regulator actions, and news reports. It is not the opinion of MCAFax. MCAFax cannot confirm or deny any allegations, complaints, or claims described here. Information may be outdated or incomplete. MCAFax is not affiliated with this lender. This is not legal or financial advice. Lenders who believe something is inaccurate can contact info@mcafax.com for review.
Summary verdict
Lendistry (legal name B.S.D. Capital, Inc.) is a Los Angeles small-business lender that offers term loans and SBA 7(a) loans and has administered state grant programs (Lendistry, American Banker). A proposed class action filed in October 2024 alleges that Lendistry mishandled applicants' data while running a California COVID-19 relief grant program. Lendistry is the named defendant. These are allegations; Lendistry has said it denies them, and we found no ruling on the merits (American Banker, Court order).
Paper Grade: B paper
Lendistry's term loan runs $10,000 to $350,000 at fixed rates as low as 11.99% over 1–5 years. It requires 2 years in business (or 1 year plus 5 years of industry experience), a 620 minimum FICO, a personal guaranty and no bankruptcies, charge-offs or active collections in the last 3 years (Lendistry). That fits B paper. Paper grade describes the borrower profile this lender targets, not the lender's quality.
Research-Based Reputation Score: 7.0 / 10 (reputation rank: tied #31 of 72 lenders scored, as of October 2, 2026)
How we got there: start at 5.0, then +1 for BBB accreditation (since October 9, 2024) with an A+ rating, +1 because BBB lists the business as started in October 2015 (10 years) (BBB), and +1 because we found no regulator orders or court judgments against it. Then −0.5 for a BBB customer-review average of 1.25/5 from 4 reviews (BBB reviews) and −0.5 for the pending class action, Onisko & Scholz, LLP v. B.S.D. Capital, Inc., which a federal court sent back to Los Angeles County Superior Court in 2025 (Court order). BBB counts 12 complaints in three years but publishes no complaint details, so we could not identify themes and made no theme deduction (BBB complaints). The total is 7.0.
About the Paper Grade: it reflects only the borrower profile and deal type the lender targets (stated credit, time-in-business and revenue minimums, and product type). It is not a judgment of the lender's quality. A = strong credit (about 625–650+), established businesses, APR-priced loans or lines. B = fair credit (about 600+), short-term or factor-rate products. C = credit about 500–599, younger businesses, MCA or revenue-based, or sales-based platform financing with no credit check. D = minimal credit requirements, very new businesses, stacked positions or high-risk industries. Lawsuits and regulator actions never change the Paper Grade.
About the Research-Based Reputation Score (1–10, half-points): it summarizes public signals and is not the opinion of MCAFax. Every lender starts at 5.0. Points are added for BBB accreditation and an A+ rating, years in business, strong Trustpilot ratings, and a clean record (no regulator orders or court judgments in which the lender itself is a named party). Points are subtracted for a BBB rating of C− or lower (−1), a BBB customer-review average below 2.5/5 (−0.5), recurring complaint themes (−0.5 to −1), and a pending class action (−0.5). Government actions are scored only when the lender itself is a named party: −1 for a settled action not about borrowers, −2 for a regulator consent order with a penalty and no admission, −3 for active enforcement or a final order about borrower treatment, and −5 for an industry ban or court finding of liability. The lowest score, 1.0, is reserved for lenders under an industry ban or a final fraud judgment. Ratings we could not read score zero, and routine collection suits are not scored. Every point applied to this lender is listed above. Ranks are as of the date shown; MCAFax cannot confirm or deny any allegation counted here.
At a glance
| Item | Details |
|---|---|
| Products | Business term loans; SBA 7(a) loans (Lendistry) |
| Term loan | $10,000–$350,000; Fixed from 11.99%; 1–5 years; 620 minimum FICO (Lendistry) |
| Legal name | B.S.D. Capital, Inc. DBA Lendistry (Lendistry) |
| BBB | A+, accredited since 10/9/2024; 1.25/5 from 4 reviews; 12 complaints in 3 years (BBB) |
| Litigation | Pending privacy class action over a state grant program; allegations only (American Banker) |
What borrowers and reviewers report
Positive themes: American Banker reports that Lendistry was the top African American-led lender in the SBA 7(a) program in 2023 (American Banker).
Negative themes: the class-action complaint alleges grant-program applicants' data was shared with third-party tech vendors without consent; the plaintiff firm also says it got a smaller grant than it was entitled to (American Banker).
Reported concerns to plan around
These are allegations or reported experiences, not findings, unless a final order is cited.
- Imposter warning: Lendistry's own site warns that scammers have created fake websites and social accounts using its name. Apply only through its official site (Lendistry).
Who it may suit, and who may want to skip it
May suit: businesses with 2+ years and 620+ credit that want a fixed-rate term loan or SBA loan. May want to skip: startups and businesses with recent charge-offs or collections.
What to do next
Been contacted by Lendistry? Report the phone number or email that reached you, and sign up to block unwanted funding calls. → Report a number or email (https://mcafax.com/report?lender=lendistry)
Looking for funding? Tell us what you need, and we'll help you compare Lendistry with other funders that fit. → Apply through MCAFax (https://mcafax.com/apply?lender=lendistry)
Sources (accessed October 2, 2026)
Lendistry homepage: lendistry.com
BBB profile, Lendistry (B.S.D. Capital, Inc.): https://www.bbb.org/us/ca/los-angeles/profile/small-business-loans/bsd-capital-inc-1216-1000036892
American Banker, Lawsuit: Lendistry, Plaid and Qualified violated consumer data rights: https://www.americanbanker.com/news/lawsuit-lendistry-plaid-and-qualified-violated-consumer-data-rights
Onisko & Scholz, LLP v. B.S.D. Capital, Inc., C.D. Cal. 2025 (remand order): exa.ai
Disclaimer: This review summarizes publicly available information, including customer reviews, forum posts such as Reddit, BBB and Trustpilot listings, court records, regulator actions, and news reports. It is not the opinion of MCAFax. MCAFax cannot confirm or deny any allegations, complaints, or claims described here. Information may be outdated or incomplete. MCAFax is not affiliated with this lender. This is not legal or financial advice. Lenders who believe something is inaccurate can contact info@mcafax.com for review.