AltCap closes first character-based microloan

(Kansas City) September 3, 2019 - AltCap is proud to announce that the first local, character-based microloan has been made to Twin Oaks Family Care, a non-medical care provider of personal and homemaking services. As the newest offering in a lineup of innovative financing products, AltCap’s Kansas City Growth Loan is designed to address specific capital access challenges experienced by entrepreneurs throughout the metro.

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Megan CrookComment
Roundtable in Lenexa addresses gap between resources and veterans starting business ventures

Veterans in Johnson County said there’s a disconnect between military service and civilian life, especially in terms of securing loans to start businesses or take the next step for career or education. Several local organizations are working to close that gap and connect veterans to necessary resources. Representative Sharice Davids led a roundtable panel Friday afternoon at the Veterans of Foreign Wars Post 7397 in Lenexa to discuss the challenges for veterans starting businesses.

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Justin Ikerionwu Joins Business Development Team At AltCap

(Kansas City) July 12, 2019 - AltCap is pleased to announce the hiring of Justin Ikerionwu to the role of Business Development Officer. Ikerionwu will help drive AltCap's business development efforts in the greater Kansas City metropolitan region, connecting entrepreneurs to capital and other business development resources. In this role, Ikerionwu will specifically focus on marketing AltCap’s micro and small business loan products throughout the Kansas City metro. He joins a dynamic team at AltCap who are committed to bringing economic growth and empowerment to Kansas City's capital-starved communities.

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Megan CrookComment
AltCap Launches New Entity to Pursue Opportunity Zone Investments

(Kansas City) June 26, 2019 - AltCap announced today the formation of Equity2 LLC, a new Opportunity Zone investment affiliate, as well as the hiring of its Managing Director, Emily Lecuyer. Equity2 will provide equity capital to accelerate the development of small businesses positioned for second stage growth as well as invest in catalytic, community-focused real estate development projects in designated Opportunity Zones.

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Megan CrookComment
New Markets Tax Credits Continue to Drive High-Impact Investments in Economically Distressed Communities

(Kansas City) June 19, 2019 - Thanks in part to the New Markets Tax Credit (NMTC) program, Kansas City will see the development of a 44,000 square foot manufacturing and research facility for the all-natural probiotic and biochemical producer, Probiotic Holdings. Last week, the Kansas City-based company announced the closing of a $6 million investment made possible with the support of AltCap, UMB Bank, and U.S. Bank.

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Megan CrookComment
AltCap Launches Kansas City's First Character-based Microloan

AltCap is pleased to release the Kansas City Growth Loan, the first character-based microloan available in the Kansas City metro. Made possible through a partnership between AltCap and Access Ventures, a Louisville-based private operating foundation, the Kansas City Growth Loan provides an alternative to standard lending for startups and other small business owners, who have had difficulty accessing affordable capital with reasonable terms. 

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Megan CrookComment
Investing in affordable housing is a boon to our society

It’s a familiar story in the urban core of Kansas City: First, one house falls into disrepair because of death or unemployment, while another is abandoned because clear title to the property can’t be obtained. The weeds grow tall, porches collapse, abandoned cars clutter the street and soon the block — then the neighborhood — is in full-fledged decline. …

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Megan CrookComment