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Thank you, everyone.  I appreciate the rotary for the invitation to speak about economic racial inequity, and more importantly, how Rende Progress Cap...

Co-founder, Chair & Managing Director Eric Foster: Remarks to Grand Rapids Rotary

April 26, 2019

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RPC announces new loan to Dreams By Bella

Rende Progress Capital [RPC] announces that it has approved a racial-equity focused small business loan to Dreams By Bella---- is a photography studio specializing in commercial photography for corporate and organizational clients to provide them high-quality photos needed for websites, marketing material and other product uses.  Dreams By Bella has served a diverse group of clients ranging from Women’s Style Magazine and the Grand Rapids Chamber of Commerce to the Grand Rapids Community Foundation and Grand Rapids Community College.  The company is now expanding into Commercial/Residential Real Estate Photography and is owned by Maria Isabel Lopez-Slattery.

 

The loan from RPC will help the company maintain its current clients while preparing for its new work in the commercial and residential real estate photography market.  The loan will allow Dreams By Bella to acquire state-of-the-art photography equipment, new marketing, staff additions and renovation and operations for an expanded studio/office.

 

RPC Co-founder, Chair and Managing Director Eric K. Foster stated that Dreams By Bella (founded in 2012) represents new RPC lending milestones with the highest standard risk management criteria.  Those milestones and the racial criteria led to RPC loan approval.

 

She has qualities that should have been in consideration by a bank in RPC's opinion.  As Foster noted "Lopez-Slattery did not stop through social barriers, bias and the market competition.  She faced many.  RPC also approved the loan through our racial equity criteria that credited her journey as an undocumented college student whose education was interrupted.  Working hard after graduation, she tried to find a job with no success.  She learned photography and created her own job and company----and in recent years expanded her services while completing her citizenship through naturalization."

 

Please visit the following link for the full press release announcement by selecting the Press Release titled RPC.Loan.Dreams.By.Bella at https://www.rendeprogresscapital.com/downloads

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