News & Updates

Rende Progress Capital [RPC] has launched the RACE4Progress Fund [Recovery Addressing COVID-19 and Exclusion] to provide small business relief funding to Grand Rapids Area/Kent County [Michigan] Excluded Entrepreneurs of Color whose businesses have experienced negative financial impact due to COVID-19.

The RACE4Progress Loan Fund was co-developed by RPC [T...

Rende Progress Capital [RPC] Rende Progress Capital [RPC] is pleased to announce and highlight another new racial equity small business loan customer---- Over the Top Academy of Dance.

An existing in need of capital for continued progress through COVID-19 and growth in services and programs to a diverse base of customers, Over the Top Academy of Dance is...

Rende Progress Capital [RPC] is pleased to announce a lending partnership with the Doug and Maria DeVos Foundation to assist Excluded Entrepreneurs who are in the early stages of their business tenure who also face barriers to conventional lending due to racial bias by some in the industry.  RPC is also pleased to utilize the foundation's resources to suc...

Rende Progress Capital [RPC] announces another new Excluded Entrepreneur customer--and the first customer receiving RPC's line of credit product.  This customer, Studio 824 Beauty Lounge is also the first receiving lending through loan capital from the RPC/Doug and Maria DeVos Foundation lending partnership.

Studio 824 Beauty Lounge is a Beauty Spa, retail...

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 serve...

On January 29, 2029, Rende Progress Capital [RPC] received the Grand Rapids Business Journal's 'Newsmaker of 2019' award within the finance category.  The award was the first-ever to RPC and was given within a nominee group that included two traditional and larger conventional finance institutions.

Eric Foster, Co-founder, Chair and Managing Dire...

In its second year of operations as the nation's only racial equity focused loan fund and emerging Community Development Financial Institution [CDFI], Rende Progress Capital [RPC] has received technical assistance funding from the U.S. Department of Treasury's Community Development Financial Institutions Fund [CDFI Fund].  RPC is one of three organization...

Rende Progress Capital [RPC] is pleased to announce its newest partnership with a conventional lending institution supporting RPC's mission to provide business technical assistance services to Excluded Entrepreneurs in order to equip them for potential small business lending, eliminate their barriers to traditional loans due to bias, increase business own...

Rende Progress Capital [RPC] is please to announce a new RPC loan customer within a current loan review queue.  This new RPC loan customer is True2Size Shoes which is a new online specialty shoe store located in Grand Rapids, Michigan but with a market reach and following of women customers throughout the country.

True2Size Shoes provides women with fashio...

Rende Progress Capital [RPC] announces its approval of a small business loan to LaMejor Radio GR.  A station that is dedicated to the local diverse market of the Grand Rapids area Hispanic community, LaMejor Radio GR is also dedicated to inclusive hiring practices and technology integration in its business model and culturally competent programming in new...

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                  818 Butterworth Street SW
                  Grand Rapids, MI 49504

 

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