S E1091: Everette K. Sands: Talks FinTech and Lendistry

This Is Karen Hunter

Knarrative

Empowerment, Africana Studies, Greg Carr, Karen Hunter, History, Education, Society & Culture

4.5 • 888 Ratings

🗓️ 15 June 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Karen speaks with, Everette K. Sands, founder of Lendistry, about his mission of reversing the accelerating trend of capital becoming less accessible and more expensive for small businesses owned by Blacks, women, veterans and rural-dwellers. #Lendistry #KarenHunterShow

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Transcript

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0:00.0	This is Karen Hunter and welcome to the hub. So let me welcome the CEO of Lendestry, Mr Everett K Sands. Hi.
0:18.0	How you doing the center?
0:21.0	I'm good, I'm good. You have this very laid back kind of like Rahim Devon kind of energy.
0:29.9	Yeah, I mean, you know, you just when you end lending and you're trying to move, you know, billions of dollars, you can't get stressed out, right?
0:36.3	You gotta help, you gotta help people, right?
0:38.0	All right, all right, so let's get to the billions of dollars that you're lending out.
0:41.2	First of all, before we get to that, you founded this company?
0:47.3	I did. I did. So my history is I'm a Washingtonian, so I'm from DC my grandfather I felt that DMV energy I promise you I
0:56.1	I want to save us like this brother's from the yeah good yeah so my grandfather was in the
1:02.1	1930s that was one of the first African Americans to have a tailoring shop.
1:06.0	So, you know, entrepreneurship is in my blood, it's in my spirit.
1:10.0	He did really well.
1:11.0	He had a contract with the US Army for the Korean War Caps.
1:14.0	He built a school, which was a school to help mainly blacks,
1:18.0	but help people around the neighborhood get a job and learn the craft of tailoring and you know it's a story
1:24.4	Miss Hunter of of wins and losses right so yeah five different locations but
1:30.2	unfortunately got some bad tax advice and financial advice.
1:32.8	So I kind of grew up as a kid with this story of what if, right?
1:36.2	So even though...
1:37.2	Paul's a net, pausing that because that's the thing that gets us, right?
1:41.8	It's the 100 acres left to us, but we didn't pay the taxes on it, and then it gets taken in a tax sale.
1:48.5	It's the business that was left to us, but we didn't do all the things we needed to do to you
	...

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