The distinctive mission of Rende Progress Capital [RPC], operational milestones and inaugural loan participation (https://www.rendeprogresscapital.com/downloads) were highlighted last week in two news outlets-----Grand Rapids Business Journal and Next City.
Both articles----interviews with RPC Co-founder, Chair and Managing Director Eric K. Foster----highlight RPC's first loan and inaugural loan participation with Northern Initiatives who is the lead on a loan participation to an African-American business (Reliable Medical Transport) that persevered without capital.
The following news article links can be accessed directly or pasted to your browser for your reading:
Grand Rapids Business Journal:
NextCity---an organization covering issues in metropolitan regions across the world:
As Foster stated "We appreciate the Grand Rapids Business Journal and Next City for their interest in our work post-launch to eliminate the racial wealth gap via financing of Excluded Entrepreneurs through our $250,000 loan with Northern Initiatives to Reliable Medical Transport----a 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."