As a mission-driven Community Development Financial Institution (CDFI), AltCap can often overcome traditional lending constraints. Challenges like previous denials, credit scores, bankruptcy, and limited collateral, may be overcome by other positive aspects of your business, like community impact, additional guarantors, or other sources of revenue. We’ll work to understand your needs and create solutions to help you grow your business.

Yes. We lend capital to small businesses regardless of their industry, size, or stage of growth. Owners of startups will be asked to provide a business plan, financial projections, and other documentation in lieu of historical financial statements.

No, AltCap is a non-profit small business lender. We do not offer depository services or consumer banking products, but we have other local CDFI and banking partners who can serve your unique needs.

AltCap and its affiliate, AltCap California, serve entrepreneurs in California, Kansas, Missouri, Nebraska and Texas.

Yes. We accept applications from businesses with up to two active loans and at least six months of payment history. Our team will work with you to assess your ability to take on new debt and what collateral is available to support your needs.

AltCap can provide entrepreneurs $5,000 to $500,000 in debt capital to launch, operate or grow their small businesses. Proceeds may be used to fund equipment, marketing, payroll, services, capital expenses, and more. The amount you can borrow will depend on your capital needs and your ability to repay the loan.

Collateral is not always required of our borrowers but providing collateral may help you access better loan terms. Discuss your collateral options with your Business Development Officer. UCC’s are required for all business loans.

Our goal is to provide capital in a timely manner. On average, an AltCap loan takes 30–45 days from application submission to credit decision. Applicants can help move the process along by submitting all required financial documents promptly and responding quickly to any questions that arise during review and underwriting.

AltCap offers Business Support Services to help your business become ready for a loan. Business Support Services, also known as technical assistance, are hands-on personalized training and educational opportunities to help you take your business to the next level.