About this programme
AltCap is a Community Development Financial Institution (CDFI) that provides alternative financing to entrepreneurs who are overlooked by mainstream lenders, regardless of business size or industry. Its stated belief is that small businesses help create thriving communities, and its lending is built to be more flexible and patient than a typical bank.
AltCap and its affiliate, AltCap California, operate across California, Colorado, Kansas, Missouri, Nebraska and Texas. The microloan product is aimed at businesses at any lifecycle stage, from startup to mature, using funds to launch, operate or grow.
Because AltCap lends to businesses that traditional lenders decline, startups apply with a business plan and financial projections instead of the historical financial statements a bank would ask for, and there is no stated minimum credit score; AltCap evaluates credit circumstances alongside financials and management ability.
How it works
Microloan capital ranges from $5,000 to $50,000, with terms up to 7 years, at a fixed interest rate of the Federal Reserve prime rate plus 4 to 6%. There is no fee for paying the loan off early.
AltCap charges an origination fee of 5% and a monthly servicing fee of $15, plus possible additional fees for UCC filings, vehicle liens, or title recordings depending on the loan.
Collateral is not always required, though providing it may improve loan terms. For larger debt capital needs beyond the microloan product, AltCap's broader lending range extends up to $350,000.
Applicants with existing loans may still qualify if they can manage the additional debt service.
Who can apply
Businesses at any stage, from startup to mature, in any industry, particularly those that mainstream lenders have turned away, can apply.
The business must be located in one of AltCap's service states: California, Colorado, Kansas, Missouri, Nebraska, or Texas.
A free Loan Readiness Quiz is required before an application is issued.
How to apply
- Complete the free Loan Readiness Quiz, which takes a few minutes.
- Contact AltCap or submit the inquiry form.
- Work with a Business Development Officer to put together the application.
Documents you’ll typically need
- Valid ID
- Personal tax returns, 1 to 2 years depending on loan size
- 4 months of personal bank statements
- Personal financial statement and household cash flow calculator
- Signed business application
- Business plan and financial projections, for startups
- Profit and loss statement and balance sheet
- Debt schedule
- 4 months of business bank statements
- Business tax returns
- Sources and uses of funds
Frequently asked
Does AltCap lend to startups with no financial history?
Yes. Startups submit a business plan and financial projections instead of historical financial statements.
Is there a minimum credit score?
No minimum is specified. AltCap evaluates credit circumstances alongside financials and management ability.
Do I need collateral?
Not always. Collateral is not always required, though offering it may improve the loan's terms.
Where does AltCap lend?
AltCap and its affiliate AltCap California operate in California, Colorado, Kansas, Missouri, Nebraska and Texas.
What does a microloan cost?
A fixed rate of the Federal Reserve prime rate plus 4 to 6%, plus a 5% origination fee and a $15 monthly servicing fee. There is no fee for paying it off early.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.