Abstract from Fox4KC

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Small businesses in the Kansas City metro are going to have a chance to get a different kind of loan soon that most lending institutions won't offer.

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After rolling out the program in its hometown of Kansas City, the impact-focused small business lender will be making it more widely available to businesses in Colorado, Kansas, Missouri, Nebraska, Texas and a California affiliate. 

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Fox 4 (WDAF) covered AltCap’s news and you can see more from AltCap’s direct announcement below: 

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"AltCap is committed to supporting the growth and success of businesses in the communities we serve,” said AltCap CEO Ruben Alonso III. 

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“With the introduction of Revenue-Based Financing, we aim to provide entrepreneurs with a more flexible, sustainable funding solution that aligns with their revenue potential. This product reflects our dedication to fostering economic growth in disinvested communities and making capital more accessible to more underserved entrepreneurs."...

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The Ewing Marion Kauffman Foundation supported the pilot of AltCap’s Revenue-Based Financing product in an effort to address a pervasive lack of access to capital – specifically among entrepreneurs of color. 

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AltCap also partnered with Ned, a lending platform specializing in Revenue-Based Financing loan products, to assist in managing the loan process….

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🔗 Watch the Full Piece on Fox4 KC

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