Loan Approved: The Largest Black-Owned Bank in the US Gives Black Business Borrowers a Chance

OneUnited Bank, the world’s largest Black-owned bank in America, has recently joined forces with Lendistry, a technology company – also Black owned –  to help Black Business owners access capital and build generational wealth with loans ranging from $50,000 to $5 million through the “OneTransaction Program.”

The bank was initially established in 1968 (as Unity Bank & Trust Company) as a result of increased awareness, action and response to economic disparities holding Black businesses at a standstill. 

As reported on their website, OneUnited Bank is the country’s largest existing Black-owned bank. The founders’ pure desire to see Black businesses succeed, become resilient and on parity with non-black businesses is evident from products like their Afrocentric inspired debit cards, to their easily attainable funding initiatives, to even a simple savings account.  

“As the largest Black-owned bank in the country, our goal is to provide REAL solutions. We offer savings, interest checking and CDs with rates higher than the national average, second chance checking accounts and a secured credit card to rebuild credit because we know your money matters…for REAL! So bank with us…today!”

Teri Williams, President And Chief Operating Officer, OneUnited Bank

In a press release published on their website, OneUnited announced its partnership with Lendistry, a Black-operated financial tech company (commonly known as “Fintechs”), exclusively for small businesses. 

The primary purpose of the “OneTransaction” financial conference held in 2021 and the subsequent OneTransaction podcast (available on the website) is to shift the Black business community’s focus to “one transaction” versus many in order to gain leverage in a wealth-building economy that has systemically left us out in the cold. Hosted by the CEO of OneUnited himself, Kevin Cohee, and featuring financial experts as guests, this is a free resource for Black-owned business owners. 

There are six “transactions” that Black owned business owners should focus on to build generational wealth, and they begin with a profitable business: 

  1. Profitable Business
    1. Homeownership
    2. Saving & Investing
    3. Credit Score Improvement
    4. Insurance Coverage

As OneUnited has stated, while Black businesses were significantly left out of the PPP program during COVID, the #BuyBlack and #BankBlack movements have created a substantial increase in not only public awareness, but also a desire to invest in ourselves and. in turn, in our own communities.  OneUnited has put together a simple, 8 Step Plan that lays the program out plain, including starting with a family conversation about forming a unified front to build generational wealth. 

Lendistry has now joined the conversation and brings with it over seven years of credentials and receipts of helping women-owned, minority-owned and veteran-owned businesses. Qualifications, terms, and conditions that apply are determined by Lendistry, but are offered nationwide.  

Start with a family conversation.  Read the 8 Step plan, begin to break generational curses and take your rightful seat at the wealth building table.  


  • Latasha Chubb

    L. Renee started her career as a Grant Administrator for the State of Ohio, where she wrote a $2 million block grant. Now a four-time published author and Financial Coach, L. Renee is passionate about helping individuals and businesses build wealth and overcome negative thoughts about finances and money. According to L. Renee, building wealth is not just about money, but also about the freedom to live life on your terms.

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