RPC Featured in Grand Rapids Business Journal and NextCity News Articles

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:  

 

https://www.grbj.com/articles/92382-racial-equity-lender-participates-in-first-loan?fbclid=IwAR0e-oKRq5EcTdVyi5ztzVbUaThV11zNDvfaIxI1wEcxDYfprgR98xcGb0I

 

 

NextCity---an organization covering issues in metropolitan regions across the world:

 

https://nextcity.org/daily/entry/new-small-business-loan-fund-puts-racial-equity-front-and-center?fbclid=IwAR0AmQwp8GzYx4PiABkk-_SYWrAu6jW4CPa5tetZauWta2gZD6p6K1VBN-Y

 

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."

 

 

 

 

 

 

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