Grace has its business origins in the funding of the guano and sugar trade between the United States and South America. Providing merchant capital for shipping and trade between New York and South America. Members have been involved with companies like Bryce & Co, Grace Brothers & Co. Ltd., W.R. Grace & Co., and The Peruvian Corporation Ltd. William Davies of Grace Brothers & Co. and The Peruvian Corporation Ltd. was an integral part of many financings involving Grace in South America. Jose Flores joined after many years with W.R. Grace & Co., and as President of Minero Peru Commercial S.A. The group expanded its asset-based lending practice in the United States with the investments of the Salas Gevaert family, through Grace Banc Trust.​Companies are privately held entities that no longer hold commercial banking licenses.