Rende Progress Capital provided a local caterer with a loan from its RACE4Progress fund.
The Grand Rapids-based racial equity lender recently said it approved an undisclosed loan to black and women-owned Scratch By Patria, a restaurant business launched in 2019 by Patria Webster who is based in the Grand Rapids Downtown Market at 435 Ionia Ave. SW.
“As well as launching her catering business shortly before the pandemic changed lives and the market, Ms Webster persisted, with resilience, first coming to RPC last year for our small business loans. racial equity,” said Eric Foster, co-founder, president and CEO of RPC.
He said the loan application was delayed for a while due to several factors, but Webster persisted as she continued to be helped and mentored by SpringGR until she was eligible to get the loan. .
“As with all RPC clients, staff and the Loans Committee have re-engaged with Ms. Webster and focused on due diligence, candidate needs assessment and business fundamentals, merged with our racial equity,” Foster said. “…Scratch By Patria (is) a business that our team lends to based on many qualities and elements, including one of the best aspects of a business model: resilience.”
Scratch By Patria selects and prepares fresh, hand-picked ingredients for each dish on behalf of individual and group clients. The company is known for its from-scratch recipes “with robust flavor profiles and beautiful presentation,” RPC said.
Born and raised in Grand Rapids, Webster learned to cook at age 7 in her grandmother’s kitchen, where she helped prepare family recipes and eventually learned to make her own.
She started her business by cooking meals for her friends and family. Members of her community encouraged her to turn her hobby into a business, and she officially did so in 2019.
When the pandemic hit, she faced financial challenges like everyone else. Since reopening, many repeat customers have returned as individual and corporate events resume.
Scratch By Patria is a RACE4Progress loan client. RPC has structured this loan program to help excluded local entrepreneurs of color who have suffered financial harm due to COVID and are facing barriers from other relief programs.
The RACE4Progress loan will allow Scratch By Patria to purchase equipment and technology for production and operations, as well as expand its onsite and mobile offerings.