RendeProgressCapital

In its second year of operations as the nation's only racial equity focused loan fund and emerging Community Development Financial Institution [CDFI], Rende Progress Capital [RPC] has received technical assistance funding from the U.S. Department of Treasury's Community Development Financial Institutions Fund [CDFI Fund].  RPC is one of three organization...

Rende Progress Capital [RPC] is pleased to announce its newest partnership with a conventional lending institution supporting RPC's mission to provide business technical assistance services to Excluded Entrepreneurs in order to equip them for potential small business lending, eliminate their barriers to traditional loans due to bias, increase business own...

Rende Progress Capital [RPC] is please to announce a new RPC loan customer within a current loan review queue.  This new RPC loan customer is True2Size Shoes which is a new online specialty shoe store located in Grand Rapids, Michigan but with a market reach and following of women customers throughout the country.

True2Size Shoes provides women with fashio...

Rende Progress Capital [RPC] announces its approval of a small business loan to LaMejor Radio GR.  A station that is dedicated to the local diverse market of the Grand Rapids area Hispanic community, LaMejor Radio GR is also dedicated to inclusive hiring practices and technology integration in its business model and culturally competent programming in new...

Rende Progress Capital [RPC] announces its approval of a small business loan to a Grand Rapids-area business that also marks the racial equity loan fund's first woman of color owned business.  The loan to Maily’s Dominican Salon is led by a Latina businesswoman, Clara Guevara.

Maily’s Dominican Salon fulfills needs and an invaluable service to newcome...

Cuong Q. Huynh, Co-founder and Managing Director for Investments for Rende Progress Capital (RPC) is featured in the 2019 Council for Legal Education Opportunity (CLEO) Magazine.  His feature can be found on Pages 94 and 95 via the following link: https://issuu.com/cleoedge/docs/jg-cleoedge2019-web

CLEO is a non-profit project of the American Bar Asso...

Rende Progress Capital (RPC) and Flagstar Bancorp (NYSE: FBC) announced its first partnership that includes Flagstar Bank funding to RPC to assist Grand Rapids area Excluded Entrepreneurs with business technical assistance, loan readiness and other services.

Based on the common goals of economic inclusion and the recognition that some conventional lenders...

Rende Progress Capital (RPC) and United Bank announce a multi-year partnership that includes funding to RPC and bank expertise and staff engagement in support of RPC’s mission to provide capital and non-capital resources to local Excluded Entrepreneurs who are excluded from conventional lending and services due to bias.

This is the first type of partn...

Rende Progress Capital (RPC) announces the hiring of the RPC Opportunity and Lending Officer and RPC Business Development Director for Opportunity.  Joining the executive management, these two new staff members are central to serving Excluded Entrepreneur business owners who face barriers to many conventional loans and investments due to bias. 

J...