To be a catalyst for investments in capital starved communities in Kansas City, Missouri through innovative financing products, targeted small business and economic development programming, and the development of strategic partnerships that promote economic growth and empowerment.
As the only Kansas City, Missouri based and focused, mission-driven CDFI (we're also one of the few minority-controlled CDFIs in the country), AltCap exists to increase the flow of capital to communities not adequately served by traditional financial institutions. Whether it is through the New Markets Tax Credit (NMTC) Program, microloans, targeted loan funds, or any of our other alternative capital sources, AltCap is committed to delivering critical financing to support job creating small business investments and catalytic, community-driven real estate development projects in our service area.
In addition to providing alternative capital, AltCap supports investment in LMI communities through economic empowerment programming by providing business development and entrepreneurship training which includes the Workshop In Business Opportunities (WIBO): How to Build a Growing Profitable Business, a nationally renowned 16-week peer-to-peer entrepreneurship and business training program.
Through our "sister" organization, the Community Capital Fund, AltCap has been able to extend its impact in LMI communities by supporting innovative and measurable community development that focuses on neighborhood capacity building initiatives and projects that leverage community resources and expertise.