The Review Process

Important Information for Existing Applicants:

Please do not reapply if you submitted an application prior to May 24, 2024. Lendistry will reach out to you directly with more information on how to proceed. 

If you have any questions, please contact the Los Angeles SBDC’s Support Center at 1-833-364-7268, Monday through Friday (9:00am – 5:00pm PT).

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The Review Process

 

Important Note: Applications will be processed in the order we receive them. Please continuously check your email for updates from Lendistry.

 

How will I know if I was awarded a grant?

The application process for this program contains multiple stages of validation. You must first meet the program’s minimum eligibility requirements in order to be considered for a grant. Important Note: Meeting the minimum eligibility requirements does not guarantee a grant award.

Once you are determined to be eligible for this program, your application will then go through final validation to determine if you are approved or declined for funding. A member of Lendistry’s team will reach out to you directly via email and phone call if additional documents or information is needed to complete this process.

Once your application is fully validated, you will receive an email from Lendistry to notify you if you have been approved or declined for grant funding.

 

My documents and bank information have been fully validated and I have been approved for funding. When will I receive funding?

Once your application has been fully validated and approved for grant funding, your grantee agreement and W-9 form will become available to you as a DocuSign document in Lendistry’s portal. Please sign in and follow the instructions from DocuSign to initial, sign, and date both documents.

Funds for your grant award will not be released until Lendistry has received your signed documents.

 

How do I check the status of my application?

You can check the status of your application at any time by signing into Lendistry’s portal using the username, password, and mobile number with which you registered. Once signed in, the status will appear on the dashboard.

Status What it Means Action Required by Applicant

Incomplete

You have started an application but have not submitted it.
Complete all sections of the application within 30 days of starting it. Incomplete applications will not be reviewed or considered for a grant.
Inactive
Your application has been incomplete for more than 30 days and has been withdrawn from the review process.
If you would like to continue to be considered for a grant award, you must submit a NEW application.
Application Submitted
You have completed all sections and submitted an application.
No further action is required by you. Lendistry will reach out to you only if additional information or documents are needed.
Application submitted, but additional docs required.
You have submitted an application, but additional documentation or information is needed for Lendistry to process it.
Sign into Lendistry’s portal and upload all new documents or information that were requested. Your application cannot be processed until this is complete.
Application under review for minimum eligibility requirements.
Your application and documentation have been processed. Your application is now under review for eligibility.
No further action is required by you. Lendistry will reach out to you once we determine if you are eligible or ineligible for a grant.
Your application is INELIGIBLE because it does not meet the program's minimum eligibility requirements.
Your application did not meet the Program’s minimum eligibility requirements and will not be considered for a grant award.
You will be notified via email if you are ineligible for this grant program. If there was an error in your web application form or in the documentation provided as part of your application, please contact our dedicated Lendistry's Customer Experience Center within five (5) days of receiving this email. Please note that this will not guarantee a reversal of your ineligibility. Additional documents and information may be requested to further validate your application. If Lendistry does not hear from you within this timeframe, your ineligibility will stand, and your file will be closed.
Your application meets the Program’s minimum eligibility requirements and will move to the next validation stage.
Your application meets the Program’s minimum eligibility requirements and will go through validation to determine if you are approved or declined for a grant award.
No further action is required by you. Lendistry will reach out to you only if additional information or documents are needed.
Additional documents are needed in order for your application to continue through the validation stage.
Additional documents or information are needed to fully validate your application.
Sign into Lendistry’s portal and upload all new documents or information that were requested. Your application cannot be validated until this is complete.
Application Declined
Your application has been declined for a grant award.
You will be notified via email if you are declined for a grant award. If you believe you were declined in error, please contact our Lendistry's Customer Experience Center within five (5) days of receiving this email. Please note that this will not guarantee a reversal of your ineligibility. Additional documents and information may be requested to further validate your application. If Lendistry does not hear from you within this timeframe, your decline determination will remain permanent, and your file will be closed.
Application Approved
Your application has been approved for a grant award.
Your Award Disbursement Agreement and W-9 will be made available as a DocuSign document in Lendistry's portal. You will need to sign in and follow the instructions from DocuSign to initial, sign, and date both documents.
Application Approved, Grants Docs Pending
Your Award Disbursement Agreement and W-9 are available as a DocuSign document in Lendistry’s portal.
Sign into Lendistry’s portal and follow the instructions from DocuSign to initial, sign, and date both documents. Important Note: Your funds will not be released until this is complete.
Grant Docs Received
Lendistry has received your fully executed Award Disbursement Agreement and W-9. Your banking information will go through one last validation before funding. You will receive funds via ACH.
No further action is required by you. Lendistry will only reach out to you if there are issues setting up an ACH transfer to your bank account.
Grant Funded
You have been fully funded for your eligible grant award.
No further action is required by you. Your file is now closed.