RPC Update

Rende Progress Capital highlights one of our loan investment customers demonstrating strong business fundamentals and growth, Lorraine’s BBQ, a Detroit-based food product manufacturer and another of our Detroit-area loan deals. Lorraine’s has carved out a niche with its line of all-natural, gluten-free sauces---garnering notable market traction with products currently featured in over 30 retail locations, farmer’s markets and Detroit Metro Airport. We also appreciate the Michigan Fair Food Fund partnering with RPC to support this business. As an example of another Detroit RPC loan deal, Lorraine’s represents the continued evolution of RPC’s lending footprint. Our commitment to Grand Rapids/Kent County remains unwavering. Our expansion into new territories is not a pivot, but a scaling of our model. The expertise we have cultivated in our home markets—identifying undervalued potential and providing the necessary capital infrastructure to drive business growth—is exactly what allows us to succeed in Southeast Michigan, our primary Grand Rapids/Kent County market, and other counties like Holland, Muskegon, and Kalamazoo. To learn more about Lorraine’s, please visit at www.lorrainesbbqsauce.com

Posted Client Spotlight: Scaling Flavor, Scaling Impact — Lorraine’s BBQ

1/1/1970