READINESS FOR & ACCESS TO LOW COST CAPITAL!
As an affiliate of Community LIFT , River City Capital has existed since 2010 as a TN 501c3 nonprofit CDFI (Community Development Financial Institution) with a dedicated mission to accelerate shared prosperity and revitalization in underserved communities through the provision of capital in Memphis and Shelby County.
We provide programming and platforms that enhance both readiness for and access to capital up to $250,000 for underserved entrepreneurs in low to moderate income communities of Memphis, TN.
We go beyond just simply being another lender but a driver of economic development by connecting entrepreneurs and business owners to dedicated business and educational resources that result in sustained, viable commercial corridors with job creation, reduced blight, and longer dollar circulation.
Without River City Capital, The Dream Of Opening Muggin’ Coffeehouse Would Still Be A Dream. The People At River City Took The Time To Hear, See, And Guide Our Vision To A Reality.
-Ken Olds, Principal, Muggin’ Coffeehouse
RCC In The News
OUR IMPACT
BY THE NUMBERS
BIPOC Female-led Businesses Funded out of 68 total loans awarded.
53
5
Jobs Created per every loan closed.
6.30%
Average Interest Rate.
FY 2022 Loan Production
$648k
FY 2023 Loan Production
$814k
Average Loan Amount:
$43k
LOAN PRODUCTION BY NEIGHBORHOOD
Through River City Capital's mission to accelerate shared prosperity, we are proud to invest in home grown, community based, minority-owned businesses.
River City Capital Investment by Industry
Food Service businesses account for 27% of our loan portfolio.
COMMUNITY FOCUSED
CLIENT CENTERED LENDING
RCC has more flexible lending policies than traditional banks, so we are often able to look beyond the credit of borrowers and really work to support businesses to revitalize and create stronger communities.
Luther T. Mercer
CEO, Community LIFT & River City Capital Investment
Our customers, supporters, and investors personify the progression of our mission, together we will continue to share the story of how we are creating community around building up small business in previously disinvested areas of our city.
Ron Brooks
President, River City Capital Investment
When I was seeking loan funding for my business I found it a challenge to navigate the process with traditional lenders with rising interest rates and tighter credit requirements. River City Capital not only provided us with the loan but also their support partners!
Leatriece Franklin
Owner, LF Mobile LifeSaving Courses and the Skrub Kafe Network
As I’ve been working diligently with my team to grow our company, having capital partners like River City Capital has been a game changer.
Courtney Todd
Owner, Always Moving Transportation, LLC
Thank you River City Capital for believing in this little girl from Meridian, MS.
BJ Chester-Tamayo
Owner, Alcenia's
WOULD YOU LIKE TO HELP RIVER CITY CAPITAL
DO MORE?
Consider a gift donation to help River City Capital's mission to provide capital and resources to businesses in underserved and disinvested areas in Memphis.
OUR SUPPORTERS
