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ARTcap: Microloans for Creatives
ARTcap Microloans help artists and creatives access small loans from $5,000 to $25,000 to launch, operate, or grow a business.
These loans are available to sole proprietors, LLCs, and corporations at any stage of growth. ARTcap can be used for supplies, new equipment, space improvements, marketing, payroll, and more.
No collateral is required. Credit scores of 600 and higher will be considered, and lending decisions can be made within 5–7 business days after all application documents are received.
AltCap has been an incredible lifeline for me. Due to my businesses being unusual, I knew I wouldn’t have access to typical loans. … They are really invested in seeing you succeed.
— Dr. Leia Barrett, The Odd Dog
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Start the ARTcap Process
The Loan Readiness Quiz is required before receiving a loan application. It’s free, takes a few minutes, and is the fastest way to get started.
If you have questions, please reach out to us at info@altcap.org, call (833) 549-2890 or fill out the form below.
More on ARTcap Microloans
ARTcap helps artists and creatives access loans from $5,000 to $25,000 to start up, operate, or grow a business.
- Loan amounts of $5,000 to $25,000
- Interest rate of 11%*
- 12 to 36 month terms
- No collateral is required
- Credit scores of 600 and higher will be considered
- Lending decisions can be made within 5–7 business days after all application documents are received.
*Terms are subject to change.
Personal Documentation
- Valid photo identification
- Personal tax returns, all schedules (1 year for loans under $25K; 2 years for loans over $25K)
- Personal bank statements (4 months)
- Personal financial statement
- Personal household cash flow calculator
Business Documentation
- Signed loan application, including other guarantors or owners
- Business plan (businesses under 12 months old)
- Financial projections (businesses under 12 months old)
- Profit and loss statements, last year and year-to-date (businesses over 12 months old)
- Balance sheet, last year and year-to-date
- Business debt schedule (indicate not applicable if no business debt)
- Business bank statements (4 months)
Financial Documentation
- Business tax returns, all schedules (1 year for loans under $25K; 2 years for loans over $25K)
- Sources and uses of funds
- 5% origination fee
- $15/mo service fee to cover administrative costs
Si necesita un préstamo para pequeñas empresas y necesita ayuda en español, comuníquese con Karina Lopez al (833) 549-2890 o karina@altcap.org.