Small Business Loans

AltCap believes that small businesses can create vibrant, thriving communities.

Our alternative approach to financing allows us to support small businesses that other lenders overlook — regardless of their size or industry. We lend flexible, patient capital and tailor financial solutions to meet entrepreneurs where they’re at.

Details on Small Business Loans

    • We provide entrepreneurs $5,000 to $250,000 in debt capital to launch, operate or grow their business.

    • We offer fixed interest rate loans.

    • Our rates are based on the prime interest rate set by the Federal Reserve plus 4% to 6%.

    • We offer financing on 3-year terms.

  • Eligible businesses can be from any industry and at any stage of the business life cycle—from start-up to mature. As a Community Development Financial Institution (CDFI), AltCap focuses its capital deployment to entrepreneurs who have been overlooked by mainstream financial institutions. An AltCap Business Development Officer can help you decide if a loan is right for your business.

  • We currently serve small businesses in Colorado, Kansas, Missouri, Nebraska, and Texas. Our affiliate partner, AltCap California, provides services in California. Check our locations page for more info.

  • To apply for a small business loan, you will be asked to provide the following documents:

    Personal Documentation

    • Two forms of ID (each signer) – One with a picture other with a name only

    Business Documentation

    • Business Plan (if the business is under one year in operation)

    • EIN (Tax ID) Form

    • Articles of Organization / Incorporation

    • Certificate of Good Standing

    • Operating Agreement (for LLC) or By-Laws (for Corporations)

    • Business Insurance/Liability Insurance

    Financial Documentation

    • Two years of personal tax returns including all schedules and 1099s

    • Income Statement, Balance Sheet, and Cash Flow Statement (projections)

    • Business Debt Schedule

    • Last three months of personal and business bank statements. Startups should provide a business plan and financial projections in lieu of historical financial statements.

  • - Origination fee of 4% depending on your loan amount.

    - Monthly $15 servicing fee on all loans to cover administrative costs.

    - Other fees may include UCC filings, vehicle lien filings, or title recording fees.

    • Ensure your financial statements are up to date, accurate, and clearly reflect an understanding of your business operations.

    • Craft a detailed and well-supported plan for how you will use the funds. This should include the projected return on investment, whether through potential revenue growth or operational efficiencies.

    • Prioritize building relationships with your lenders by maintaining open communication and demonstrating a track record of reliability — this can significantly enhance your chances of loan approval.

    • Explore all your options, whether they involve traditional bank loans, SBA loans, or specialized industry-specific funding programs.

    • Maintain liquidity and reduce existing liabilities whenever possible to improve the overall financial health of your business and make it more attractive to lenders.

  • As a non-profit CDFI, AltCap strives to provide competitive rates for all our loans. Click here to see how our rates compare to banks, credit cards, and payday lenders.

  • Our interest rates are based on The Federal Reserve, plus 4% - 6%.

    The prime rate is the interest rate commercial banks charge their most creditworthy customers. The Federal Reserve sets the federal funds rate which serves as the basis for the prime rate, which is the starting point for other interest rates.

    Although the Federal Reserve has no direct role in setting the prime rate, many banks choose to set their prime rates based partly on the target level of the federal funds rate, which is the rate that banks charge each other for short-term loans.

  • Si necesita un préstamo para pequeñas empresas y necesita ayuda en español, comuníquese con Karina Lopez al (833) 549-2890 o karina@altcap.org.

  • If you have an existing AltCap loan and have questions about your loan terms or if you need to update your information, please contact Viva Young at 816-269-7809 or viva@altcap.org.

    If you need to make a payment on your existing AltCap loan, please contact Viva Young at 816-269-7809 or viva@altcap.org.

  • Small business owners who have questions about the process should contact a Business Development Officer at info@altcap.org or (833) 549-2890.

    If you are ready to begin the process, select the Start Application button below and follow the directions to submit an Intake Form.

Start AltCap’s Small Business Loan Process

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Articles for Entrepreneurs Exploring Small Business Loans

Frequently Asked Questions

  • 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 does not offer depository services or consumer banking products, but we have other local CDFI and banking partners who can serve your unique needs. Visit the KC CDFI Coalition or speak to your Business Development Officer to learn more. 


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

  • Yes. We understand that your business has unique needs and while you work hard to be resourceful, challenges can arise. We will 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 may be available to support your needs.

  • AltCap can provide entrepreneurs $5,000 to $250,000 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 cover the debt service. 

  • 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.

  • No. AltCap does not require a minimum credit score for most products. We work with you to understand the circumstances of your credit and evaluate it alongside your financials, management abilities, and growth potential.

  • Our goal is to provide capital in a timely manner.  On average, an AltCap loan can take 30-45 days from application submission to credit decision to complete. Questions or challenges may arise as we review your documents, and it is critical that you provide a timely response to keep the analysis and underwriting process moving.

  • In addition to accessible capital, AltCap provides other business support and services to our clients. We also collaborate with other lenders and business advisors to provide you with the support you need to start, grow, and sustain your business. Talk to your Business Development Officer about your options and visit our affiliate organizations, equity2 and Community Capital Fund.