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 are also interested in addressing barriers to conventional lending due to bias and other factors, RPC and Flagstar Bank are partnering together to advance opportunities for business owners of color.
Eric K. Foster, Co-founder, Chairman and Managing Director of RPC remarked that “RPC appreciates that Flagstar Bank listened to our needs for technical assistance to loan applicants, loan support and programmatic funding and then provided the funding to make it happen.”
Beverly Meek, Director of Community Reinvestment for Flagstar stated that “We’re pleased to provide funding to RPC to help Excluded Entrepreneurs become successful small business owners.”
Please visit the following link for the full press release announcement by selecting the Press Release titled Press Release: RPC and Flagstar Bank at https://www.rendeprogresscapital.com/downloads