At a glance
From its website, read 2 Nov 2026Institute Capital, Inc. is a loan fund based in Durham, North Carolina. Its website describes affordable housing development loans and small-business loans. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.theinstitutenc.org |
| Office (official list) | 114 West Parrish Street, Durham, NC 27701 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Oct 2013 |
| RSSD ID | — (none listed) |
| Address | 114 West Parrish Street, Durham, NC 27701 Directions (Google Maps) |
| Website | www.theinstitutenc.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: low. Loan product pages were not among the pages fetched, so loan terms, amounts and service area are unclear. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Affordable housing development loans | — | Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses. | source |
| Small-business loans | — | Institute Capital provides debt and investment capital to affordable housing developers, community-based development organizations (CBDOs) and small businesses. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. APPLY FOR A LOAN
source
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. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your affordable housing development loans and small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated 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?
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$7.4 million in 7 awards from the U.S. Treasury's CDFI Fund, 1999–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $725,000 |
| 2022 | CDFI Equitable Recovery Program | $2,558,161 |
| 2018 | CDFI Program, Financial Assistance | $800,000 |
| 2017 | Capital Magnet Fund | $1,250,000 |
| 2015 | CDFI Program, Financial Assistance | $1,000,000 |
| 2001 | CDFI Program, Financial Assistance | $1,000,000 |
| 1999 | CDFI Program, Technical Assistance | $38,350 |
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 2023| Total assets | $31.6M |
|---|---|
| Total liabilities | $23.7M |
| Net assets | $7.9M |
| Total revenue | $6.2M |
| Notes and loans receivable, net (Part X line 7) | $18.5M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 56-2142717, filed as “INSTITUTE CAPITAL INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). 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 2021 (990) | $22.8M | $5M | $2.5M | $15.7M |
| Dec 2022 (990) | $25.4M | $5.3M | $2.9M | $17.6M |
| Dec 2023 (990) | $31.6M | $7.9M | $6.2M | $18.5M |
Total assets grew 39% from Dec 2021 to Dec 2023; notes and loans receivable rose 18%. 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 |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $148,500 (22 loans) | All 7(a) lenders in North Carolina: $350,000. Larger than the median loan of 40% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| SBA approvals, FY2023–24 → FY2025–26 | 3 → 19 | Rank among the 8 certified CDFIs in North Carolina with SBA approvals in either period: 7 → 3. |
| Total assets, latest IRS Form 990 | $31.6M | Larger than 77% of the 13 other certified loan funds and venture funds in North Carolina with a matched Form 990 (median $8.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 40% |
| SBA approvals then vs now | certified CDFIs in North Carolina with SBA approvals FY2023–2026 | 7 | rank 7 → 3 of 8 |
| Form 990 total assets | certified loan and venture funds with a Form 990, in North Carolina | 13 | larger than 77% |
“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).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 22 SBA-backed approvals for Institute Capital, Inc. in fiscal years 2020–2026 (October 2019 to September 2026):
- 22 7(a) loans as the lender: $3.9M in total (gross amount approved), median $148,500
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 3 · FY2025 9 · FY2026 10.
What actually happened
- Size of its 7(a) loans: half were between $64,000 and $293,750, median $148,500 (22 loans)
- Term of its 7(a) loans: median 84 months (7 years) (22 loans)
- Interest rate at approval on its 7(a) loans in FY2025–26: median 10.00%, half between 9.25% and 10.00% (19 loans; SBA's initial rate, before any change on a variable loan)
- Fixed or variable: 100% of its 7(a) loans had a fixed rate (22 loans)
- Young businesses: 64% of its 7(a) loans went to a startup or a business two years old or less (22 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) standard (22, 100%)
Borrower industries
NAICS sector, 3 or more loans.
- Accommodation and food services (5)
- Health care and social assistance (4)
- Transportation and warehousing (4)
- Manufacturing (3)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Wake County, NC (3)
- Pitt County, NC (3)
- Iredell County, NC (3)
How this lender was matched in the SBA files: SBA lender ID 0598443: same name, state and city (SBA lists “Institute Capital, Inc.”).
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. Institute Capital, Inc. 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 Durham and North Carolina
- Latino Community Credit UnionCredit union · Durham, NCAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Mechanics and Farmers BankBank or thrift · Durham, NCAuto / vehicle loans, Personal / consumer loans, SBA-backed loans (7(a)/504/Community Advantage)Verified
- SELF-HELP CREDIT UNIONCredit union · Durham, NCOfficial list only
- Self-Help Federal Credit UnionCredit union · Durham, NCVerified
- Self-Help Ventures FundLoan fund · Durham, NCOfficial list only
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