News & Updates

RPC Announces First Loan

Rende Progress Capital [RPC] announces an inaugural loan to a local business through a participation loan with Northern Initiatives, a Community Development Financial Institution. RPC is participating in a loan with Northern Initiatives in a $250,000 loan to Reliable Medical Transport. Founded by Mr. Richard Flowers, the Grand Rapids, Michigan based company provides door-to-door destination services for the needs of mobility impaired individuals requiring critical transportation services---particularly those of a non-emergency nature. RPC Co-founder, Chair and Managing Director Eric K. Foster appreciated the company’s business model, perseverance, growth and meeting RPC’s lending and racial

Rende Progress Capital Announces Wege Foundation Grant Support and Partnership

Rende Progress Capital (RPC) is pleased to announce grant support from the Wege Foundation. Today's announcement of the RPC/Wege Foundation partnership to promote economic equity and eliminate the racial wealth gap through financing businesses of Excluded Entrepreneurs who face barriers to loans due to bias was announced by by Eric K. Foster, RPC Co-founder, Board Chairman and Managing Director/Portfolio Manager. RPC announced that the Wege Foundation is providing $49,712 multi-year funding to support the RPC Grand Rapids Area Economic Equity for Entrepreneurs (E3) Initiative. Funding for E3 will support RPC’s initiatives to equip potential loan borrowers with servicing and business techni

© 2016      Rende Progress Capital
                  818 Butterworth Street SW
                  Grand Rapids, MI 49504

 

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