House bill

Innovation leader John Shen joins President Biden as the bill is signed at the White House

Shen founded American Lending Center, Sunstone Management, Sunstone Trust and several other innovative companies

WASHINGTON, June 14, 2022–(BUSINESS WIRE)–National Business Leader John Shen attended the official signing of the law on the potential establishment of a National Museum of American History and Culture in Asia-Pacific at the White House on Monday, 13 Junee. At the invitation of President Biden, Shen and his colleague Stella Zhang participated in the historic recognition of the contributions and challenges faced by the Asian American, Hawaiian, and Pacific Islander (AANHPI) community in the United States.

Shen, a living example of the American dream itself, immigrated to the United States and has since brought in hundreds of millions of dollars through foreign direct investment while reinvesting that wealth in American entrepreneurs.

Simon Pang, long-time partner, Royal Business Bank executive and member of the President’s Advisory Committee on AANHPI, said: “This bill brings us closer to the creation of a national museum dedicated to the preservation of the history and culture of the AANHPI community. I am delighted to have been able to share this important moment with industry leaders like John Shen. His story is the story of the American Dream, and John’s ability to harness it for the benefit of all Americans is an example to all.

Over the past 15 years, Shen has founded several companies, created hundreds of jobs in various industries across the country, fostered the innovative ecosystem through venture capital and the creation of the Long Beach Accelerator, partnered to educational institutions to promote greater diversity in start-ups. culture and beyond. Her interest in minority and women-owned businesses is a common thread in Shen’s professional successes.

Shen’s current suite of businesses includes a wide range of business models, including:

  • American Lending Centera non-bank community lender focused on facilitating EB-5, PPP and government-backed lending programs.

  • Sunstone Managementa private equity and venture capital firm that prioritizes fair and accessible investments in start-ups for the next generation of entrepreneurs.

  • Sunstone Trust Companya wealth management services firm specializing in serving first and second generation immigrants and one of California’s eight licensed trust companies.

  • Collective Participatean innovative combination of ghost kitchen, test kitchen, food hall and retail market.

Shen commented, “I am honored to be in the White House at the invitation of President Biden to celebrate our culture at a time when many in our community are facing challenges. This bill is a demonstration of our national commitment to recognize the contributions of the AANHPI community of which I am so proud to be a member.”

About Sunstone Management: Fastest growing US company according to the Financial Times (FT)

Sunstone Management, together with the Sunstone Venture Capital Fund, is a diversified private equity management and investment firm providing comprehensive wealth management solutions to high net worth clients worldwide. Sunstone proactively forges both public-private partnerships with government agencies and industry-academia partnerships with nonprofit educational organizations to promote economic development, championing the growth of the local innovative ecosystem. Sunstone also excels in leading commercial development projects in emerging sectors to support community development and to facilitate economic recovery under COVID-19.

About the American Lending Center: Fastest growing US company according to the Financial Times (FT)

American Lending Center (ALC) is a private, non-bank lending institution and a nationally recognized leader in small business lending. Between 2009 and 2020, ALC offered strategically structured senior loan products to more than 80 qualified SBA 504 projects in 19 states, contributing to a combined construction and business expansion budget of over $1 billion. ALC’s lending practice has successfully created over 12,000 new jobs nationwide. As one of the few non-bank institutions designated to provide immediate financial assistance to struggling small businesses, ALC has provided PPP loans to nearly 30,000 small businesses in all 50 states and Washington, DC.

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