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Renaissance was established in 1997 as a 501(c)3 nonprofit community development financial institution and an affiliate of Asian Americans for Equality, a nonprofit community development organization established in 1974 dedicated to a mission of empowering New York City’s Asian Americans and others in need.

Since its inception, Renaissance has provided nearly $28 million in affordable loans to overĀ 700 small businesses and entrepreneurs. In addition, Renaissance has offered comprehensive training to dozens of business owners and provided technical assistance to over 3,000 entrepreneurs.