Welcome New Borrowers
Apr 20 2022
RSF is honored to welcome these recent borrowers to the community.
Economic Justice Partnership Fund
Partners for the Common Good and Opportunity Finance Network recently created the Economic Justice Partnership Fund. RSF is one of more than 10 lenders who are contributing to the $50 million Fund which will provide capital access to smaller to mid-sized Community Development Financial Institutions (CDFIs) allowing them to originate larger loans. These new CDFI project loans will be targeted to entrepreneurs and multi-family housing primarily in low- and moderate-income and minority, Native, and rural communities.
Santa Cruz Waldorf School
Santa Cruz Waldorf School (SCWS) is a pre-kindergarten through 8th grade Waldorf School with a mission to engage the mind, fire the imagination, and strengthen the will. SCWS has a long relationship with RSF dating back to the mid-1990’s as a borrower and an organizational investor in the Social Investment Fund. The current line of credit is to help manage seasonal cash flow as the school rebuilds working capital reserves that were depleted during the pandemic.
Sonnshine Fitness owns franchised fitness clubs throughout the Bay Area and aims to improve the local community by encouraging healthy lifestyles through exercise and good nutrition. The RSF loan helped with the purchase and revitalization of seven fitness studios.