AltCap

Founded in 2005 with a mission to provide fair access to capital, AltCap is a critical source of alternative debt financing for communities and entrepreneurs that fall outside the financial mainstream.

About

In 2015, AltCap was certified as a Community Development Financial Institution by the CDFI Fund of the U.S. Department of the Treasury. This designation advanced AltCap’s mission by providing additional resources to better support and advocate for the small businesses that drive the economic and community development within the communities the organization serves. 

AltCap provides entrepreneurs with $5,000 to $250,000 in debt capital (loans) to launch, operate or grow their microenterprise or small business. Interest rates are fixed with 3- to 5-year terms. Financing products include:

  • ARTcap: A mircoloan fund for artists
  • Diversified Contractors Growth Fund
  • Small Business Loan Fund
  • Veteran Loan Fund

Other AltCap offerings include:

  • AltCap Your Biz: Pitch Competition – An annual competition opening fall of each year, the AltCap Your Biz: Pitch Competition lets entrepreneurs submit an application and pitch video describing their business, team and how they plan to take their operation to the next level. Entrepreneurs’ submissions are evaluated by a panel of judges for an opportunity to pitch their business and win a cash award at AltCap’s Closing the Deal event (held during Global Entrepreneurship Week – Kansas City).

Services Provided

Financial Resources and Assistance

  • Real Estate Finance
  • Loan Providers (Specialty)
  • Obtaining Debt Funding (Specialty)
  • Tax Credits (Specialty)

Economic and Site Development

  • Tax Credits

Tax Services

  • Tax Credits (Specialty)

Training

  • Budget, Cash Flow and Financial Statements Training
Contact Information
Paul Albromeit
Address
3200 Wayne Avenue
Kansas City, MO 64109