Arlington, VA (February 07, 2024) – Rochdale Capital, a community development loan fund whose mission is to promote cooperative and community ownership; advance equity, diversity, and inclusion; and provide capital access in under-resourced communities, recently closed a $25,000 working capital term loan to Pua’s Plate Lunch to expand business operations, provide inventory and commercial upgrades.
Pua’s Plate Lunch is a mobile food & catering service specializing in authentic Hawaiian/Island style plate lunches in the Washington DC Metro area.
“Rochdale Capital is excited for the growth opportunities for Pua’s Plate Lunch”, stated John Holdsclaw IV, President, and CEO of Rochdale Capital. “They have a passion for providing authentic Hawaiian food and culture to the local community and our loan will be critical to expand their business operations.”
“I am grateful for Rochdale Capital and their CDFI program, which will allow me to expand my business in 2024 by providing much needed equipment upgrades, hire personnel and have working capital,” stated Napualokelani Shanamelissa Kamakele , owner of Pua’s Plate Lunch. “Emerging CDFIs like Rochdale Capital are crucial in helping small businesses owned by people of color and/or women succeed. It allows for diversity and inclusion, which means more community involvement. One of my goals this year is to develop and sustain a community table to support those in need by providing free meals and my support with Rochdale Capital will aid in that mission.”