AltCap has modified its Fast Start Loan (up to $20,000) to help meet the immediate capital needs of entrepreneurs and small businesses.
Features of the Fast Start Loan include:
To begin the loan application process, go to https://www.alt-cap.org/apply-for-a-loan
NEW MARKETS TAX CREDITS (NMTC) facilitated financing is available for operating businesses as well as real estate entities that are considering making a significant investment in AltCap's service area. Significant job creating capital investments by a business (e.g. facility expansion or equipment/machinery purchase) or catalytic commercial, industrial, mixed-use, or community development project that represents at least $5-6 million in investment are eligible for nontraditional, flexible financing through the NMTC Program. For more information about the NMTC Program, contact Ruben Alonso at (816)216-1851, ext.1 or firstname.lastname@example.org.
FACADE IMPROVEMENT LOAN PROGRAM (FILP) loans are available for commercial/retail properties along major commercial corridors in AltCap's service area. Initially targeting Independence Avenue, Truman Road, Troost Avenue, and Prospect Avenue, the FILP is designed to provide nontraditional, flexible financing to commercial/retail property owners wanting to make improvements to their properties to increase business activity for their tenants as well as help beautify their communities. For more information about the FILP, contact Davin Gordon at (816)216-1851, ext.5 or email@example.com.
The DIVERSIFIED CONTRACTORS GROWTH FUND (DCGF) is specifically designed to assist M/W/DBE certified trades contractors in the commercial and multi-family construction industry. Loans provided through the DCGF are meant to increase M/W/DBE's financial capacity to bid on and perform public and private contract work. For more information about DCGF, contact Davin Gordon at (816)216-1851, ext.5 or firstname.lastname@example.org.
The "ARTCAP" MICROLOAN FUND is an innovative loan fund that was created by AltCap in partnership with the City of Kansas City, Missouri Office of Culture and Creative Services to support the arts community and creative economy in Kansas City, Missouri. This microloan fun is meant to provide artists, artisans and small businesses in the creative industries access to flexible financing to support their passion and grow their business. For more information about ArtCap, contact Davin Gordon at (816)216-1851, ext.5 or email@example.com.
The WORKSHOP IN BUSINESS OPPORTUNITIES (WIBO) 16-Week Workshop: How to Build a Growing Profitable Business is a peer led business training program designed to give entrepreneurs and existing small business owners the skills and confidence to make sound decisions. AltCap offers the WIBO 16-Week Workshop once a year. Participants meet each week for three hours in the evening. To learn more about the WIBO 16-Week Workshop, contact Davin Gordon at (816)216-1851, ext.5 or firstname.lastname@example.org.