The CARE Fund

The CARE Fund supports businesses in the Dallas-Fort Worth area by providing financial resources to help expand operations.

Terms

• Loan amounts from $5,000 to $125,000

• Loan terms: 36 to 60 months

• Interest rate: 7%

• Terms are subject to change

Fees

• Origination fee of 5%.

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

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

To further support entrepreneurs, AltCap is working with EQALL, which provides entrepreneurs with educational resources, guidance, and one-on-one coaching.

Please visit our webpage to learn more and enroll in a Business Support Services program.

Applicants will need:

• Proof of license, insurance, and that your business is in good legal standing.

• Schedule of work and payment schedules at underwriting.

Personal Documentation

• Two forms of identification: One a photo ID and one with name only.

Business Documentation

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

• Applicants with existing businesses will also be required to submit (if applicable): tax forms, financial statements, and organizational documents.

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.

Click the Start Application button below to start a loan application with AltCap.

For more questions, contact Texas Market President Shaundra Jacobs at sjacobs@altcap.org or fill out the form below.

• 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.