Apply for a Loan

 

Apply

Ready to get started? To begin the loan application process, review the terms, conditions and qualifications below and select Start Your Application. Once you complete this form, an AltCap team member will reach out to you to answer questions and talk you through the rest of the process. If you would like to speak to a team member first, contact info@alt-cap.org.


Some features of AltCap microloans include:

  • Interest Rates range from 6 - 12%
  • Loan terms from 6 to 60 months
  • No pre-payment penalties

Common uses of AltCap microloans include:

  • Working capital, like payroll, marketing, and inventory
  • Equipment and materials
  • Interior and exterior improvements to commercial

To qualify, applicants should:

  • Have sufficient cash flow to support a monthly loan payment
  • Have no bankruptcies in the past 24 months 
  • Have no late payments on rent or mortgage within the past 12 months
  • Other restrictions may apply

Fast Start

Need a quick infusion of capital to get your business started?  Have an immediate capital need to cover payroll or purchase a piece of equipment critical to a job or project?  For loans under $10,000, consider AltCap’s Fast Start loan application process, created to meet the immediate capital needs of entrepreneurs and small businesses. 


Some features of the Fast Start application process include:

  • Shorter processing time (24 - 48 hours) 

  • Interest Rates range from 6% - 12% 

  • Loan terms from 6 to 36 months 

  • No pre-payment penalties  

To qualify for Fast Start, applicants should: 

  • Credit score of 600 and above 

  • Debt-to-Credit (DTC) ratio <=50% 

  • Additional source of income (we will require last 2 paystubs, or copy or rental agreement and proof of deposits in bank account for rental income) 

  • Sufficient cash flow to support monthly loan payment

  • No bankruptcies in the past 24 months  

  • No late rent or mortgage payments within the past 12 months

  • Other criteria may apply