Rende Progress Capital
A Racial Equity Loan Fund and emerging Community Development Financial Institution providing small business loans to Excluded Entrepreneurs of Color who face barriers to acquiring traditional loans due to racial inequity and bias.
RPC Announces RISE Loan [Reduced Interest Schedule for Excellence]:
The RISE [Reduced Interest Schedule for Excellence] loan is a standard loan with progressive features for Excluded Entrepreneurs----with a key focus on younger tenured businesses----who represent excellence in monthly on-time payments.
1. Reduced Interest Rates: Borrowers receive a reduction in their interest rate for the next year[s] of their loan if make on-time monthly payments their preceding year[s]
2. General Eligibility: For qualified Excluded Entrepreneurs of Color business owners in the Grand Rapids Area and Kalamazoo, Lansing and other areas at RPC's determination throughout Michigan.
To learn more visit the following link and download the FAQ titled RPC RISE Loan FAQ:
RACE4Progress Loan: A COVID-19 Relief Loan exclusively for some Grand Rapids Area/Kent Count Excluded Entrepreneurs of Color whose businesses have experienced specific and documented financial harm due to COVID-19.
To learn more about this in the Frequently Asked Questions section at https://www.rendeprogresscapital.com/clients
or contact Kevin Davis, Opportunity and Lending Officer at .
Rende Progress Capital (RPC) is an emerging Community Development Financial Institution (CDFI) committed to economic equity. RPC provides loans and investments to Excluded Entrepreneurs and business owners who are excluded from traditional lending and investments because of racial bias.
RPC was founded by two leaders experienced in racial equity and inclusion who are committed to helping those excluded from traditional financing and lending. They bring their business, finance, CDFI management and legal experience to lead a team providing loans and investments, technical assistance in business training to our clients.