At a glance
From its website, read 2 Nov 2026AltCap is a loan fund based in North Kansas City, Missouri. Its website describes microloans and small-business loans. Stated loan amounts run from $5,000 to $350,000. The business loan rate it states is 11%. It serves borrowers in Spanish.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Toll-free | (833) 549-2890 source |
|---|---|
| info@altcap.org source | |
| Website | www.altcap.org |
| Office (official list) | 20 W 14th Ave, Suite 137, North Kansas City, MO 64116 |
What their website says about applying
The Loan Readiness Quiz is required before receiving a loan application.
sourceIf you are ready to begin the process, select the Start Application button below and follow the directions to submit your application.
sourcePersonal tax returns, all schedules (1 year for loans under $25K; 2 years for loans over $25K)
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Rate stated, not as an APR: see their wording | Fixed rates range from 8.5% to 10.5%. | source |
| Microloans | Rate: 11% | Interest rate of 11%* | source |
| Loans (general) | Term: see their wording | Up to 12 months, depending upon the need and project. | source |
| Microloans | Term: 12 mo–3 yr | 12 to 36 month terms | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum credit score: 600
Credit scores of 600 and higher will be considered
source - Collateral flexible or not always required
No collateral is required.
source - Collateral required
Assignment of contract, and/or UCC filing on business assets.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 8 Sep 2026 |
| RSSD ID | — (none listed) |
| Address | 20 W 14th Ave, Suite 137, North Kansas City, MO 64116 Directions (Google Maps) |
| Website | www.altcap.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Small-business minimum differs between the home page ($50,000 starting) and the CARE program page ($5,000); service area is not stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $50,000 | Our Microloans deliver up to $50,000 in flexible capital, tailored to your business and backed by a lender who’s in it with you. | source |
| Small-business loans | $5,000 – $125,000 | The CARE Program offers small-business loans ranging from $5,000 to $125,000, along with entrepreneurial training and guidance to drive long-term success in underserved communities. | source |
Loan sizes
AltCap can provide entrepreneurs $5,000 to $350,000 in debt capital to launch, operate or grow their small businesses.
sourceThe CARE Program offers small-business loans ranging from $5,000 to $125,000, along with entrepreneurial training and guidance to drive long-term success in underserved communities.
sourceLoan amounts of $5,000 to $25,000
sourceLoan sizes range from $10,000 to $50,000.
source
Range used for the size filter: $5,000 to $350,000
Service area
Not stated on the pages we read.
Borrower focus
Languages
- Spanish
Si necesita un préstamo para pequeñas empresas y necesita ayuda en español
source
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$7 million in 7 awards from the U.S. Treasury's CDFI Fund, 2017–2024 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $625,000 |
| 2022 | CDFI Equitable Recovery Program | $2,585,181 |
| 2021 | CDFI Program, Financial Assistance | $525,000 |
| 2021 | CDFI Rapid Response Program | $1,500,000 |
| 2020 | CDFI Program, Financial Assistance | $520,000 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2017 | CDFI Program, Financial Assistance | $686,500 |
New Markets Tax Credit allocations
$253 million in 6 allocations. An NMTC allocation is the authority to offer investors federal tax credits for community investments; it is not cash paid to the lender and is not counted in the award total above.
| Round year | Program | Allocation |
|---|---|---|
| 2024 | New Markets Tax Credit allocation | $40,000,000 |
| 2017 | New Markets Tax Credit allocation | $55,000,000 |
| 2013 | New Markets Tax Credit allocation | $38,000,000 |
| 2012 | New Markets Tax Credit allocation | $45,000,000 |
| 2009 | New Markets Tax Credit allocation | $35,000,000 |
| 2008 | New Markets Tax Credit allocation | $40,000,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2022| Total assets | $30.3M |
|---|---|
| Total liabilities | $12.8M |
| Net assets | $17.4M |
| Total revenue | $6.8M |
| Notes and loans receivable, net (Part X line 7) | $16.1M |
| Program-related investments (Part X line 13) | $272,300 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2022 (tax year 2022; EIN 41-2183377, filed as “ALTCAP”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2023). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2019 (990) | $14.4M | $10.4M | $2.2M | — |
| Dec 2021 (990) | $30.3M | $15.9M | $6.2M | — |
| Dec 2022 (990) | $30.3M | $17.4M | $6.8M | $16.1M |
Total assets grew 110% from Dec 2019 to Dec 2022. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| SBA approvals, FY2023–24 → FY2025–26 | 0 → 9 | Rank among the 4 certified CDFIs in Missouri with SBA approvals in either period: 4 → 1. |
| Largest loan its website states | $350,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 53% of these 184. |
| Total assets, latest IRS Form 990 | $30.3M | Larger than 66% of the 449 other certified loan funds and venture funds nationwide with a matched Form 990 (median $15.6M). |
| Business loan rate its website stated (2 Nov 2026) | 11.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 4 pts above prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| SBA approvals then vs now | certified CDFIs in Missouri with SBA approvals FY2023–2026 | 3 | rank 4 → 1 of 4 |
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 53% |
| Form 990 total assets | certified loan and venture funds with a Form 990, nationwide | 449 | larger than 66% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 9 SBA-backed approvals for AltCap in fiscal years 2020–2026 (October 2019 to September 2026):
- 9 7(a) loans as the lender: $1.3M in total (gross amount approved), median $100,000
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 0 · FY2025 1 · FY2026 8.
By program
- 7(a) standard (9, 100%)
Borrower industries
NAICS sector, 3 or more loans.
- Arts, entertainment, and recreation (3)
- Accommodation and food services (3)
How this lender was matched in the SBA files: SBA lender ID 0514253: same organisation by name and state, checked by hand (SBA lists “AltCap”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. AltCap may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in North Kansas City and Missouri
- Alltru Federal Credit UnionCredit union · Wentzville, MOAuto / vehicle loans, Credit-builder loans, Home repair / improvement loans, Home mortgages…Verified
- Central Bancshares Of Kansas City, Inc.Bank holding company · Kansas City, MOCommercial real estate loans, Equipment loans, Affordable housing development loans, Small-business loansVerified
- Central Bank of Kansas CityBank or thrift · Kansas City, MOCommercial real estate loans, Equipment loans, Affordable housing development loans, Small-business loansVerified
- Century Bank of the OzarksBank or thrift · Gainesville, MOAgriculture / farm loans, Auto / vehicle loans, Commercial real estate loans, Equipment loans…Verified
- First Missouri Bank of SEMOBank or thrift · Kennett, MOAgriculture / farm loans, Home mortgages, Personal / consumer loans, Small-business loansVerified
- First State Bank & Trust Company, Inc.Bank or thrift · Caruthersville, MOAgriculture / farm loans, Auto / vehicle loans, Home mortgages, Personal / consumer loansVerified
Work at AltCap? Link to this page
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