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Finance Features

Rende

Here's how one new local lender aims to eliminate the racial wealth gap in Grand Rapids

As a local emerging community development financial institution (CDFI), Rende Progress Capital is the only racial equity-focused CDFI to provide loans, investments, and business technical assistance services to excluded entrepreneurs like Asian Americans, African Americans, Native Americans, Latinos, and immigrants.

Olvera

Making it in GR: Adapting an engineering mindset to entrepreneurship

Reports show women and minority-owned businesses are face an ongoing disparity of funding awarded to them and to their male, non-minority counterparts. As a minority-business owner and Grand Rapids transplant, Supermercado Mexico's Javier Olvera discusses the challenges of growth, and finding finance options.

DonRhoades

Making it in GR: Lessons in crowdfunding

Self-proclaimed entrepreneur and Grand Rapids transplant, Don Rhoads, invented the BedBud Alarm out of a personal need. Through community involvement, market research and continuous revisions, he was able to develop his product. Though his journey is not over yet, he has already learned a lot along the way.

Leandra Nisbet

Making it in GR: How the digital community is supporting small business

As it becomes easier for individuals to venture into investing and the online capital resources expand, the lending climate is changing rapidly. Making it in Grand Rapids Editor Leandra Nisbet breaks down nontraditional financing options in this ever-changing ecosystem.

kris ridings

Financing your dream: Entrepreneurs tap local and diverse resources

Securing financing for a small businesses can be a huge challenge, especially for new entrepreneurs. There are several opportunities available to assist entrepreneurs in the area including: microloans, SBA lending and pitch competitions. Additionally, here are some recommendations for staying motivated and being prepared to request funds.
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