Celebrating over 20 years 

Reach. Invest. Succeed. Earn. (RISE) Financial Pathways is a non-profit organization offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners. We serve low-moderate income communities throughout L.A. County.

Since 1992

The organization provides commercial lending opportunities – including micro loans, peer lending, and small business loans – along with business training, asset development programs, and banking programs. RISE has served nearly 100,000 low income clients since its inception in 1992.

RISE strengthens neighborhoods

Its programs have resulted in nearly $14 million in economic activity and the retention and creation of thousands of jobs. The transformative power of RISE’s services – combined with its clients’ enterprise and hard work – improves the financial standing of individuals, launches and sustains small businesses, and generates economic activity that strengthens entire neighborhoods.

 

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About Us

Serving the Community Since 1993

RISE (Reach. Invest. Succeed. Earn.) Financial Pathways, formerly known as Community Financial Resource Center (CFRC) is a non-profit Community Development Financial Institution (CDFI) offering comprehensive and innovative ways to build wealth for historically underserved residents and small business owners in South L.A. and across L.A. County. The organization provides commercial lending opportunities- including microloans, peer lending, and small business loans – along with business training, asset development programs, and banking programs. CFRC has served nearly 100,000 low-income clients since its inception in 1992.  Its programs have resulted in nearly $14 million in economic activity and the retention and creation of thousands of jobs. The transformative power of CFRC’s services – combined with its clients’ enterprise and hard work – improves the financial standing of individuals, launches and sustains small businesses, and generates economic activity that strengthens entire neighborhoods.

History

RISE opened its doors to the community in March 1993 as Los Angeles’ first public-private partnership.  It was designed as a collaborative effort of 34 local banks, the City of Los Angeles, and community leaders, to respond to the dismal community reinvestment activity in South Central Los Angeles. Following nearly two years of community hearings and planning, RISE was incorporated to meet the economic development challenges and capacity building needs of Los Angeles’ low-income neighborhoods.

To date, RISE and its service providers directly influenced economic development in Los Angeles County by assisting nearly100,000 residents and contributing over $14 million to the local economy through its fundraising, lending, and program development efforts. RISE’s economic impact is reflected in the 3,421 jobs created/retained through RISE programs, which results in approximately $119,735,000* invested back into the community.

*Figure based on the U.S. Housing & Urban Development’s formula – $35,000 investment/jobs created.

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Small Business Programs + Lending

The organization provides commercial lending opportunities– including microloans, peer lending, and small business loans – along with business training, asset development programs, and banking programs. R.I.S.E. Financial Pathways has served nearly 100,000 low-income clients since its inception in 1992.  Its programs have resulted in nearly $14 million in economic activity and the retention and creation of thousands of jobs. The transformative power of R.I.S.E.’s services – combined with its clients’ enterprise and hard work – improves the financial standing of individuals, launches and sustains small businesses, and generates economic activity that strengthens entire neighborhoods.

R.I.S.E. targets low to moderate-income residents and businesses in economically distressed urban communities.  In total, the County covers a territory of 500 square miles and is home to over 9,600,000 residents.  The largest metropolitan region in the United States, Los Angeles County contains approximately 88 cities, making it the single most populous local government entity.  Metropolitan Los Angeles continues to grow in ethnic diversity – with one-third of Angelinos born outside of the United States.  Today, Los Angeles is home to 4.2 million Latinos, 1.1 million Asians, and nearly 1 million African Americans.   As the metropolitan area is rapidly diversifying, it is becoming characterized as a series of ethnic enclaves.

Find additional resources to help your small business succeed by checking the Small Business Administration.

 

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Micro Business Monday™

WHAT’S YOUR LEMONADE?

The lemonade stand is the proverbial hallmark of entrepreneurship. But it is more than just summertime Americana and youthful nostalgia. Lemonade stands, through pop culture, have become iconic for micro and small business – and to some extent inspired the concept of the lean startup.

While the journey of the business owner can bitter and sweet, the contributions of entrepreneurs to society are profound. The SBA reported 28.8 million small businesses in 2013 – around half of which are home-based businesses. And they accounted for the creation of nearly 63.3% net new jobs.*

At the heart of every entrepreneur is their drive to make life a little easier for the rest of us. They are the changemakers, innovators, dreamers, and pioneers that inspire and create. At any point in time, across the world, a person discovers an opportunity and manifests that one thing into something special. They discover the lemonade stand in their own community and produce something from nothing, just like magic.

If you’re an entrepreneur we want to hear from you! Join us as we support micro-business and share your journey.

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Contact Us

WeWork, Fine Arts Building

811 West 7th Street

Los Angeles, CA 90017

o| 323.233.1900

f | 323.235.1686

em | info@risela.org