Nadine’s Fish Tips n Wings

Investment:
$6,000 Collateral Initiative guarantee with Rende Progress Capital, a West Michigan-based racial equity loan fund and emerging Community Development Financial Institution
Enterprise:
Nadine’s Fish Tips n Wings is an African-American owned restaurant in Holland, Michigan specializing in Chicago style street food. Owner Larry Brothers, who brings 10+ years of industry experience, hatched the concept in the midst of the COVID pandemic. As the business gained traction through catering dinners on the side, Brothers saw an opportunity to open a brick-and-mortar location.
Financing Purpose & Date:
This 2022 investment illustrates our commitment to delivering catalytic financing that helps bring other lenders’ capital off the sidelines and enables investments that otherwise might not be possible. In this case, our Collateral Initiative funding supported a loan by Rende Progress Capital; it is also helped further de-risk a previous investment in Nadine’s from GROW, a fellow Michigan Good Food Fund lender.
Update:
Nadine’s opened winter 2022 as one of the few Black-owned and operated businesses in Holland, Michigan.