We provide entrepreneurs $5,000 to $250,000 in debt capital to launch, operate or grow their business. Our interest rates are fixed and are based on the prime rate set by the Federal Reserve plus 4% to 6%. We offer financing on 3-year terms.

Borrowers can be from any industry and at any stage of their business’s 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.

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.

AltCap charges an origination fee of 4% depending on your loan amount. Other fees may include UCC filings, servicing fees, vehicle lien filings, or title recording fees.

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 prime rate, 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.

If you’re in the KC-area, contact Kesi Milligan at kesi@altcap.org or call (833) 549-2890. Missouri small business owners outside of KCMO should contact John Teasdale at john@altcap.org or (833) 549-2890.

If you are ready to begin the process, click the “Begin Loan Process” button below and follow the directions to submit an Intake Form.