AltCap

Overview

AltCap is a mission-driven Community Development Financial Institution (CDFI) dedicated to empowering underserved entrepreneurs by providing accessible capital to help them grow their businesses and strengthen their communities. Founded in 2005, AltCap has deployed over $300 million in capital, financing small businesses and real estate development projects that were overlooked by traditional financial institutions. Their flexible, patient capital meets the unique needs of each entrepreneur and local investment. Operating in six states—California, Colorado, Kansas, Missouri, Nebraska, and Texas—AltCap offers financing solutions ranging from $5,000 to $250,000. They provide loans to small businesses regardless of industry, size, or stage of growth, including startups. In addition to accessible capital, AltCap offers other business support and services to their clients, collaborating with other lenders and business advisors to provide the support needed to start, grow, and sustain businesses. AltCap's mission is to create fair access to capital for low-income communities and marginalized populations. They believe that accessible capital creates stronger, more vibrant communities and work to make that a reality by empowering the success of underestimated entrepreneurs through flexible financing. Their impact lending spans six states and an array of industries, with an average microloan size of $20,000. They are an ally to underestimated entrepreneurs, offering financing to businesses and communities that traditional lenders do not serve. AltCap's core values include unapologetically defying conventions, forging collaborative connections, taking purposeful action, cultivating curiosity, and practicing proactive care. These values guide their approach to increasing the flow of capital to underinvested communities through alternative financing products, entrepreneur-focused programming, and strategic partnerships. Their affiliate, AltCap California, provides accessible financing to entrepreneurs in California, further expanding their reach and impact.