October 3, 2023 (Arlington, VA) – Four innovative cooperatives in four cities have received a combined $170,000 in catalytic grant funding from Capital Impact Partners’ 2023 Co-op Innovation Awards, which aim to increase cooperative development.
A composting company owned and staffed by formerly incarcerated individuals
A collaborative effort to convert multi-family housing into resident-owned co-ops
A training program for farmers
Professional development for maternal health workers
“The recipients of this year’s Co-op Innovation Awards are helping to strengthen the kinds of shared pillars — access to housing, employment, health care, and healthy foods — that help build healthy communities and generational wealth,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, each part of the Momentus Capital branded family of organizations. “Capital Impact Partners was founded more than four decades ago as part of a federal effort to encourage co-op development, and supporting the co-op model continues to be one of our key sectors. In addition to these grants, we have disbursed more than $315 million in loans to support cooperative businesses since our founding.”
“Providing support to spur new co-op development is critical in helping cooperatives grow and prosper across the United States,” said Casey Fannon, president and CEO of National Cooperative Bank. “We are proud to continue our support of the Co-op Innovation Awards, which fully align with our mission and help improve the lives of our communities.”
Since 2015, the Co-op Innovation Awards have issued a total of $855,000 in grants. The 2023 awardees are:
The Compost Cooperative; Greenfield, Massachusetts, $50,000
Northwest Cooperative Development Center; Olympia, Washington, $45,000
Rock Steady Farm; Millerton, New York, $40,000
Birthmark Doula Collective (operating as New Orleans Breastfeeding Center); New Orleans, Louisiana, $35,000
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
AUGUST 3, 2023 (Arlington, VA/San Diego,CA) – The Momentus Capital branded family of organizations announced today that Aeris — a leading expert in the financial and impact performance of community development financial institutions (CDFIs) and other private impact loan funds — has recognized it with strong ratings in the areas of impact management, financial strength and performance, and contribution to public policy.
July 19, 2023 (Cleveland) – Entrepreneurs trying to develop real estate in Cleveland now have access to an innovative new program aimed at providing them with the tools they need to shape the future of the city’s communities.
The Cleveland EDI program is designed to seed, mentor, support and create more opportunities for emerging real estate developers, particularly as they develop projects in the very communities they are from.
The initiative is a joint effort by Cleveland Development Advisors (CDA), which provides expertise and financing to real estate projects that advance economic and community development; Cleveland Neighborhood Progress, a local community development intermediary that invests in community revitalization work in Greater Cleveland; and Capital Impact Partners, a mission-driven nonprofit lender based in the Washington, D.C., metropolitan area.
Capital Impact Partners has helped create similar, successful programs in other communities. Since 2018, more than 200 developers have completed the EDI program in Dallas; Detroit; the San Francisco Bay Area; and the Washington metropolitan area. A similar program offered by Capital Impact recently launched in Austin, Texas.
“We’ve heard from participants around the country about how important it’s been for them to receive the financial, knowledge, and social capital that they need to succeed,” said Ellis Carr, president and CEO of Capital Impact Partners, which is part of the Momentus Capital branded family of organizations. “We’re proud to be able to work with Cleveland Development Advisors and other Cleveland organizations to bring the EDI program to Cleveland.”
What to Know About the Cleveland EDI Program
The eight-month program will provide developers with training, technical assistance, mentorship, networking, and pathways to financing. Industry leaders will provide insights on the local review process, preparing financial applications and leveraging business partnerships with community members.
The program will pair experienced developers with emerging developers to help launch their projects. It is anticipated that 12 to 15 entrepreneurs will be selected for the program. Successful candidates will be selected based on the following criteria:
Demonstrate experience as a small-scale developer (with either for-profit or nonprofit organizations) who is seeking to further their experience and/or growing their real estate business. As this is not an introductory program, candidates are expected to have some direct real estate development experience.
Live in or have a strong connection to Cleveland.
Commit to attend training on Wednesdays during the months of October through May for up to four hours per week. There will be 16 sessions, held twice a month in a combination of in-person and virtual meetings; tasks; a showcase event for pitching real development projects; and ongoing meetings with a mentor/advisor.
Demonstrate interest in responding to Requests for Proposals (RFPs) for real estate development opportunities in Cleveland, with or without a development partner, within six months of completion of the program.
Finalists will be selected in September and the program will begin in October.
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
July 19, 2023 (Washington, D.C.) – Capital Impact Partners is pleased to announce the grantees for the inaugural round of Keeping it Cool, a new grant initiative conceived and supported by The Morningstar Foundation. Keeping it Cool is designed to close the cold storage gap in the region, furthering access to healthy, nutritious foods across Washington, D.C. and the surrounding jurisdictions including Arlington, VA; Alexandria, VA, Fairfax County, VA; Montgomery County, MD; and Prince George’s County, MD. With so many small food businesses and nonprofit organizations working with and distributing perishable foods, cold storage is a critical component of offering, serving and distributing healthy food in the region.
Capital Impact Partners received 312 total applications (234 businesses and 78 nonprofit organizations), totalling about $12.6 million in requests. In addition to The Morningstar Foundation, the Bainum Family Foundation also supported the Keeping it Cool grant program. Frequently identified needs included increased or updated refrigeration/freezer space, energy efficient upgrades, infrastructure to support cold storage, and increased/updated refrigeration display cases. Awarded grants ranged between $10,000-$50,000 to address these gaps and further improve the region’s food system.
“Lack of cold storage is a barrier to success for small businesses and nonprofit organizations in and around the District. These grants will enable expanded access to healthy food, reduce food waste, and increase operational efficiency which will ultimately enable growth and create additional jobs, especially in disinvested communities. The high regional demand for this grant highlights the urgent need for funding for cold storage. We are excited to see the catalytic impact of these funds over the next year,” said Alison Powers, Director of Economic Opportunities at Capital Impact Partners.
Overview of Keeping It Cool Grant Awardees
Small Businesses
A Lady Writers Pen LLC (Just AJs Foods): Washington, D.C., Food Processor/Distributor, $30,000 grant | A Lady Writers Pen LLC manufactures and distributes Veenies, a plant-based meat alternative. One of the primary business challenges is the limited freezer space for storage and distribution, which constrains its ability to meet the growing demand for the products. Grant funding will be used for purchasing a frozen storage container, which will allow the business to grow.
B.lincatering LLC (B.Lin Catering): Washington, D.C., Caterer/ Kitchen Incubator, $35,000 grant | B.lincatering provides catering services and has a kitchen membership program which rents commercial kitchen space to small food businesses to support their growth. Through partnerships with D.C. nonprofits, B.Lin provides vegetarian-based food to children and seniors in Wards 5, 7, and 8. It also has a strong focus on sustainability and waste reduction. The grant funding will be used to refurbish current refrigeration and purchase a new walk-in refrigerator to allow more food business members to access the facility.
Crave Inc. (Mess Hall): Washington, D.C., Kitchen Incubator, $50,000 grant | Crave Inc. is a kitchen Incubator that is home to approximately 50 small food businesses and provides access to commercial kitchen equipment and refrigeration. Currently, refrigeration and freezer space limits the number of food entrepreneurs working at Mess Hall. The grant will be used to purchase additional refrigerators and freezers, which will support at least four more food entrepreneurs.
Flavors, LLC: Prince George’s County, Kitchen Incubator, $35,000 grant | Flavors, LLC is the only licensed commercial kitchen incubator in Prince George’s County and supports the growth of culinary founders. Currently, the 30 food and beverage members utilize the facility 24-hours/day, and refrigeration and freezer space limits operational efficiencies and the number of entrepreneurs served. The grant will be used to purchase additional refrigeration and freezer space.
Menkem LLC: Washington, D.C., Corner Store, $35,000 grant | Menkem LLC is a corner store in Ward 7 in the District, which has only two grocery stores to serve a population of 74,500 people. Menkem partners with D.C. Central Kitchen to buy and sell fresh produce. The current refrigerator is older and needs to be replaced so there is a consistent supply of refrigerated items customers need such as produce, milk, and other items. The grant funding will be used to purchase a new refrigerator, which will increase the amount of healthy food that can be offered.
Sligo Creek Farms LLC (The Farm At Our House): Montgomery County, Grower/ Producer, $35,000 grant | Sligo Creek Farms LLC is a certified organic mixed vegetable farm that sells its produce at farmers markets, to area restaurants, through a Community Supported Agriculture (CSA) program, and contract grows for nonprofit organizations focusing on the food insecure. It also employs at-risk young men in rehabilitation from Our House, a local job training program. The grant will be used to purchase and install a walk-in refrigeration space, which will allow the operation to grow.
Three Part Harmony Farm LLC: Washington, D.C., Grower/ Producer, $50,000 grant | Three Part Harmony Farm is a five-acre vegetable operation with urban farms in D.C. and Brandywine, MD. It is working in partnership with other food organizations to create an agricultural hub to support the regional food system from farm to consumer. The purchase of on-site cold storage will be used by the partner organizations to store and distribute locally grown foods. The grant funding will be used to purchase and install walk-in cold storage and chest freezers that will be shared among the collaborators.
Nonprofits
AfriThrive Inc.: Montgomery County, Food Pantry/ Delivery/ Emergency Feeding Services, $40,000 grant | AfriThrive is dedicated to creating economic opportunities for communities in the greater Washington region. AfriThrive sources and distributes fruits and vegetables to 400-500 vulnerable families per week, and runs a community gardening initiative for families growing varieties of indigenous vegetables, which are distributed through a mobile food pantry. The grant funding will be used to purchase a refrigerated truck to increase the collection and distribution of more food to vulnerable families.
Covenant House: Washington, D.C., Youth Residential Services/ Workforce Training/ Food Pantry/ Congregant Feeding Center, $15,000 grant | Covenant House provides residential and wrap-around services in D.C. Wards 7 and 8 and Prince George’s County for youth ages 18-24 experiencing homelessness, disconnection, and exploitation. It also provides workforce training and placement services and runs a food pantry in SE D.C. for youth and food-insecure community members. The grant funds will be used to purchase a refrigerator and freezer, which will allow the distribution of more refrigerated and frozen meats, produce, dairy, and fruits to the clientele.
Engaged Community Offshoots: Prince George’s County, Grower/ Producer/ Food Processor/ Beginner Farmer Training, $30,000 grant | Engaged Community Offshoots is a nonprofit urban teaching and learning farm practicing sustainable growing methods with a focus on Prince George’s County and D.C. Engaged Community Offshoots is opening its third urban farm where ten new farm businesses will grow crops for distribution through a Community Supported Agriculture (CSA) program or through farm stand sales. Grant funds will be used to convert a shipping container to a walk-in refrigerator which will allow the new farmers to increase production.
Gethsemane United Methodist Church (The Capital Market): Prince George’s County, Food Aggregator/ Farmers’ Market/ Food Delivery, $40,000 grant | Gethsemane United Methodist Church is a partner in The Capital Market, a community-led farmers’ market providing healthy food options, supporting local businesses and farms, and educating about food systems. It primarily serves residents experiencing food insecurity and local farmers. The grant funding will be used to purchase a refrigerated delivery vehicle to expand the food delivery program while maintaining produce quality while in transit from the farm to market.
La Cocina VA (Kitchen of Purpose): Arlington, VA, Foodservice Workforce Training/ Kitchen Incubator/ Nonprofit Food Recovery, Preparation, and Delivery, $40,000 grant | La Cocina, VA creates careers by offering bilingual, food-related vocational, technical, and small business education. It also addresses food insecurity in the D.C. area through meal preparation and delivery to low-income members of the community. The grant funding will be used toward the purchase of a refrigerated delivery vehicle which will allow La Cocina to grow its food assistance program.
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
July 10, 2023 (Arlington, VA/San Diego, CA) – Capital Impact Partners and CDC Small Business Finance have announced that Gary Cunningham, the former president and CEO of Prosperity Now, has been named the new chair of the boards of directors for the two mission-driven lenders, effective June 13, 2023.
The previous chair, Kurt Chilcott, who also was the longtime president and CEO of CDC Small Business Finance, will now serve as vice chair of both boards.
Gary Cunningham: A Passion for Social Impact, Decades of Experience & Leadership
Mr. Cunningham joined the boards of directors of Capital Impact Partners and CDC Small Business Finance in 2021, when the two organizations formally came together.
Mr. Cunningham most recently worked from 2019-2023 as president and CEO of nonprofit organization Prosperity Now.
Prior to joining Prosperity Now, Mr. Cunningham served as president and CEO of the Metropolitan Economic Development Association in the Twin Cities, where he was recognized as an innovator in business development. Before that, Mr. Cunningham held senior leadership positions in philanthropic, community development, health care, housing, and transportation organizations. He also serves on a number of boards, including the Association for Enterprise Opportunity and Artspace.
“I am honored that my fellow board members have selected me for this role, grateful to continue to work closely with Kurt Chilcott and our President and CEO Ellis Carr, and excited about the opportunities ahead of us,” said Mr. Cunningham. “Capital Impact Partners and CDC Small Business Finance remain committed to providing the financial, knowledge, and social capital that entrepreneurs need so they can succeed and that communities deserve so they may thrive.
“We must keep pursuing innovative and transformative solutions,” Mr. Cunningham added. “And we must remember that these goals can only be accomplished by working alongside community leaders and our fellow mission-driven financial institutions, and with the growing support of donors and investors dedicated to social impact.”
Kurt Chilcott Continues On in Key Role Following Distinguished Tenure
Kurt Chilcott’s continued leadership on the boards of directors follows his stewardship as president and CEO of CDC Small Business Finance from 1998-2021, helping the organization to become the leading SBA mission-based small business lender in the country.
Prior to leading CDC, Mr. Chilcott worked for the City of San Diego to help reshape its economic development strategy, creating one of the first industry cluster-based regional economic development strategies in the nation and leading the revitalization of numerous communities throughout San Diego. Mr. Chilcott also serves on the board of the The California Endowment.
“I am proud to serve alongside Gary Cunningham and grateful to continue supporting the great teams we have — both on these boards of directors and on the staff level at Capital Impact Partners and CDC Small Business Finance,” said Mr. Chilcott. “Our organizations came together in recognition that we could achieve more, and faster, than we could separately. I am impressed by what we have been able to do in these two years, and I am inspired by the possibilities ahead of us.”
Strategic Planning & Organizational Objectives
In 2021, Capital Impact Partners and CDC Small Business Finance completed a strategic planning process that created their first joint Three-Year Strategic Framework. These big-picture choices set an overall direction; established a new mission, vision, and values; and articulated big, audacious targets. That framework has since guided annual tactical business plans, setting specific goals to move the Momentus Capital branded family of organizations closer to overall success.
The 2023 organizational objectives are:
To deploy more than $780 million in loans and investments to create a positive impact in communities
To invest in the people at the Momentus Capital branded family of organizations in order to help them all do their best work
To invest in the technology that will make everyone more effective, including clients and other mission-driven financial institutions
To manage the financials of the Momentus Capital branded family of organizations carefully, ensuring it has the money needed to make a sustainable impact this year and beyond
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
CDC Small Business Finance, part of the Momentus Capital Branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As the nation’s leading mission-based small business lender, CDC Small Business Finance helps build strong communities and create generational wealth by deploying mission-driven financing and free business advising to the small businesses that are the backbone of their communities and the country.
CDC Small Business Finance delivers small business and commercial real estate loans paired with free technical assistance to bolster entrepreneurship, economic development, and job creation.
We offer numerous loan products, including the Small Business Administration (SBA) 504 commercial real estate loans, SBA Community Advantage loans, and SBA Microloans. In addition, we offer non-SBA products to provide alternative options for those unable to qualify for traditional financing. CDC Small Business Finance also offers free business advice to support potential borrowers in getting loan-ready and to help our current borrowers grow and expand their businesses.
Since 1978, CDC Small Business Finance has provided more than $21.3 billion in financing to 12,500 borrowers and helped create and preserve over 217,000 jobs.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
May 22, 2023 (New York, NY) – Momentus Securities has launched with the goal of driving institutional capital to America’s small businesses and nonprofits — and positioning “social impact” as a fully investable asset class for institutional investors.
Momentus Securities — a registered broker-dealer and FINRA member — seeks to disrupt the mission-driven investing space by addressing the current scale and liquidity limitations in the sector that inhibit the deployment of institutional capital. Momentus Securities intends to facilitate the deployment of $3 billion of social capital by 2026.
“This is an innovative approach. We are transforming how institutional investment capital is unlocked and channeled into high-need community investments,” said Momentus Securities President and CEO Alicia Reyes, who brings 27 years of experience in investment banking and private equity to Momentus Securities. “The lending market in the impact sector is decentralized and highly dispersed. This is a challenge for institutional investors that want to fully incorporate social impact into their mainstream strategies because of the lack of liquidity.
“We see this as an opportunity to launch ‘social Collateralized Loan Obligations’ and, initially, intend to open warehousing lines to aggregate portfolios of loans across five key segments: affordable housing, healthcare, education, small businesses and food. Once ramped up, the portfolios will be securitized, and we will distribute the bonds as a takeout. These portfolios will offer institutional investors the opportunity to support communities and participate and invest at a scale not previously available. Lenders will achieve better terms while providing investors an improved risk return profile,” Ms. Reyes added.
May 2, 2023 (Arlington, VA) – Capital Impact Partners today announced that it has achieved a significant impact investing milestone by issuing more than $300 million of Capital Impact Investment Notes (Notes).
Capital Impact partners with InspereX LLC to distribute the Notes through its Impact Investment Platform to a nationwide network of broker-dealers, institutions, and financial advisors.
Individual and institutional investors can purchase Capital Impact Investment Notes for as little as $1,000. Capital Impact Investment Notes provide investors with a unique opportunity to align financial goals with personal principles through values-based investing.
“Capital Impact Investment Notes help create a unique opportunity for funders and investors to work through Capital Impact to support communities,” said Natalie Gunn, Chief Financial Officer of Capital Impact Partners and CDC Small Business Finance. Capital Impact Partners and CDC Small Business Finance are two of the Momentus Capital branded family of organizations, which also includes Ventures Lending Technologies, among other organizations. “Investors continue to recognize that Capital Impact Partners delivers a strong financial performance while bringing a continuum of capital to communities, helping these communities have the chance they deserve to thrive.”
“We are proud to partner with Capital Impact Partners and proud of the role we play in helping to deploy the power of capital for good,” said InspereX CEO John DesPrez. “This milestone illustrates the ongoing market appetite for easily accessible impact investments.”
Since its founding more than 40 years ago, Capital Impact Partners has invested more than $2.5 billion to serve 6 million people and created more than 38,000 jobs in sectors critical to building communities.
In September 2022, Fitch Ratings assigned an A+ rating with a stable outlook to Capital Impact Partners and its Capital Impact Investment Notes. In addition to the Fitch ratings, Capital Impact Partners and the Notes are A rated with a positive outlook by S&P Global.11
S&P Global reaffirmed a long-term issue credit rating of A to the Notes on May 17, 2022. Please check the Pricing Supplement for the S&P Global credit rating assigned to Notes currently being offered for sale. An S&P Global credit rating is not a recommendation to buy, sell or hold Notes and may be subject to suspension, reduction or withdrawal at any time by S&P Global. ↩︎
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Disclaimer
This press release is not an offer to sell or a solicitation of an offer to buy any securities. Such an offer is made only by means of a current Prospectus (including any applicable Pricing Supplement) for each of the respective Notes. Such offers may be directed only to investors in jurisdictions in which the Notes are eligible for sale. Investors in such states should obtain a current Prospectus by visiting capitalimpact.org/invest/capital-impact-investment-notes/. Investors are urged to review the current Prospectus before making any investment decisions. Past performance is no guarantee of future results. No state or federal securities regulators have passed on or endorsed the merits of the offering of the Notes. Any representation to the contrary is unlawful. The Notes are not insured or guaranteed by the FDIC, SIPC or other governmental agency. As of the date hereof, the Notes are offered for sale in all 50 states and the District of Columbia, excluding the States of Arkansas, and Washington.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Also, when Capital Impact uses any of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend” or similar expressions, it is making forward-looking statements. These forward-looking statements are not guaranteed and are based on Capital Impact’s present intentions and on Capital Impact’s present expectations and assumptions. These statements, intentions, expectations, and assumptions involve risks and uncertainties, some of which are beyond Capital Impact’s control, that could cause actual results or events to differ materially from those anticipated or projected. Purchasers of Notes should not place undue reliance on these forward-looking statements, as events described or implied in such statements may not occur. Except as required by law, Capital Impact undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.
About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
InspereX is transforming how fixed income securities and market-linked products are accessed, evaluated, and traded. Home to the pioneering BondNav® platform — one of the first cloud-native bond aggregation platforms — InspereX provides financial advisors, institutional investors, issuers, and risk managers deep access to fixed income market data across asset classes, as well as industry-leading origination, distribution, and education in market-linked products. Focused on delivering true price transparency, liquidity, execution targeting price improvement, and the information advantage gained through data aggregation, InspereX inspires greater confidence through the power of technology.
The firm is a leading underwriter and distributor of securities to more than 1,500 broker-dealers, institutions, asset managers, RIAs, and banks. InspereX represents more than 400 issuing entities and has underwritten more than $705 billion in securities. The firm has seven trading desks and more than 200 employees with principal offices in Delray Beach, San Francisco, Chicago, and New York City.
April 24, 2023 (Austin, TX) – A new program will provide small-scale real estate developers from Austin with the tools they need to grow their businesses — helping them to be more involved in the region’s booming real estate market and, in turn, to create more affordable housing.
The free, four-month program will provide developers with training, technical assistance, mentorship, networking, and potential pathways for financing.
The Austin Small Developer Training program is being led by Capital Impact Partners, which has trained more than 200 developers through its EDI program for real estate developers in four regions nationwide, including the Dallas region, and has been working to help communities in Austin since 2015. Capital Impact Partners is part of the Momentus Capital branded family of organizations, which also includes CDC Small Business Finance and Ventures Lending Technologies, among other organizations.
The Austin region continues to grow, but that growth has also led to rising housing costs, pushed longtime residents out of the city, and contributed to low rates of homeownership and business ownership in some communities. Helping small-scale Austin real estate developers can also help close wealth gaps while bringing more affordable housing and investment into communities.
Capital Impact Partners is partnering with HousingWorks Austin, a nonprofit organization that aims to increase the supply of affordable housing in Austin by providing research, education, advocacy and thoughtful, workable affordable housing policy recommendations.
“Affordable housing must remain part of the fabric of our community in Austin and Travis County,” said Nora Linares-Moeller, Executive Director of HousingWorks Austin. “In Austin alone, more than 222,000 households are at or below 80% of the median family income, including more than 44,000 households living below poverty level. The Austin Small Developer Training will help contribute to our goal of ensuring that all types of people and households can call Austin home.”
The Austin Small Developer Training program is funded by the Austin Housing Finance Corporation.
“Our commitment to create and retain safe, affordable housing for all Austinites is a mission our team is deeply committed to achieve. Exploring collaborative partnerships assists with that mission, which is why we are proud to be a part of the Austin Small Developer Training program,” said James May, Community Development Officer for the Austin Housing Finance Corporation. “We encourage developers to take advantage of this opportunity and help us build additional affordable homes in Austin.”
An Important, Ambitious Goal for the City of Austin
In 2017, the City of Austin adopted its Strategic Housing Blueprint, which included a 10-year aspirational goal to construct 60,000 affordable housing units for households at or below 80 percent of the median family income, and an additional 75,000 units for households earning more than 80 percent of the median family income.
In 2022, the Austin Housing Finance Corporation put out a call for a program that would help create more affordable housing developers.
How the Austin Small Developer Training Program Will Help
The Austin Small Developer Training program has been specifically crafted to confront the top challenges real estate developers face in Austin.
Local industry leaders will provide capacity-building and insights to participants on successfully navigating the local review process, preparing financial applications, and leveraging business partnerships with community members. Speakers include experts from Affordable Central Texas, Broaddus Construction, and Lionheart Places, with many more soon to be confirmed.
Developers will also learn strategies for finding more attainable land opportunities for small-scale development and learn from zoning experts, who will walk through the process and best practices to avoid common delays and challenges.
The program also provides potential pathways to financing. Capital Impact Partners provides financing for eligible real estate projects in Austin. Capital Impact and its partners have formed a referral network of regional community development financial institutions and local lenders in order to connect developers with other courses of financing.
Eligibility Criteria
Successful candidates for the program will be selected based on the following criteria:
Demonstrate experience as a small-scale developer (either for-profit or nonprofit organizations) who is seeking to further their experience developing affordable housing and/or growing their portfolio. As this is not an introductory program, candidates are expected to have some direct real estate development experience.
Live in or have a strong connection to Austin.
Demonstrate a commitment to affordability and fair housing in Austin.
Commit to attend mostly virtual* training on Monday afternoons (between noon-5pm Central Time) during the months of July-October for up to five hours per week. *There will be up to three in-person sessions, as well as an additional 2-4 hours of weekly training, assignments, and team meetings.
Demonstrate interest in responding to Requests for Proposals (RFPs) for real estate development opportunities in Austin, with or without a development partner, within six months of completion of the program.
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
HousingWorks Austin is a 501(c)(3) nonprofit organization. They advance their mission to preserve and increase the supply of affordable housing through research, education, and advocacy in Austin, Texas and the surrounding region, with a commitment to ensuring those most in need have access to safe and affordable housing. HousingWorks Austin is guided by the maxim, “All Kinds of Homes, in All Parts of Town, for All Kinds of People.”
About the Austin Housing Finance Corporation
The Austin Housing Finance Corporation (AHFC) was created as a public, non-profit corporation and instrumentality of the City of Austin. The mission of the AHFC is to generate and implement strategic housing solutions for the benefit of low- and moderate-income residents of the City of Austin.
April 14, 2023 (Arlington, VA) – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that Capital Impact Partners was awarded a $4.95 million grant through the CDFI Equitable Recovery Program.
The CDFI Equitable Recovery Program will strengthen the ability of CDFIs to ensure that low- and moderate-income communities continue to recover from the COVID-19 pandemic and invest in long-term prosperity. The CDFI Fund awarded $1.73 billion to 603 organizations nationwide.
“This award will help us address the decreased access to affordable housing for low-income families, a problem that has only been exacerbated by the COVID-19 pandemic,” said Mindy Christensen, senior vice president of community development real estate for Capital Impact Partners. “With these funds, we can expand our strategy of creating more affordable housing while also building up the capacity of local real estate developers.”
Helping Developers Grow Their Businesses
The award from the CDFI Equitable Recovery Program will be used to support developers with loans, grants, and development services.
A portion of the award will be utilized to provide grants, enabling developers to build equity and cover early-stage project costs such as predevelopment legal, architectural, and engineering fees; conducting feasibility studies; acquiring properties; and building a project balance sheet to attract debt. This type of funding, which strengthens projects, often is not offered by conventional lenders.
This award will also be leveraged with balance sheet capital to provide loans for acquisition, construction, and permanent financing.
Emerging developers are often challenged while seeking financing from conventional lenders — who want to invest in developers with significant experience and often reject projects as higher-risk when located in neighborhoods with lower appraisal values, are smaller, generate less revenue streams, and fall outside traditional underwriting standards.
Developers who are unable to access traditional financing often turn to high-cost and extractive financing options to fill capital gaps, or they fail to bring their projects to fruition.
“While many traditional lenders are pausing capital deployment in this uncertain market, Capital Impact Partners is embracing the opportunity,” said Ms. Christensen. “We are proud to partner with developers by providing the integrated financial and non-financial capital needed to build up communities.”
Capital Impact Partners will utilize ERP funds to provide development services to support its EDI programs for real estate developers in Detroit; the Washington, D.C. Metropolitan Area; the San Francisco Bay Area; and Dallas — and to expand the program into new regions. The program provides developers with training, mentorship, and potential access to capital.
Since the program launched in 2018, more than 200 developers of color have completed it.
Many of these developers have since worked on mixed-use and residential projects in communities, creating more affordable housing and helping the local economy.
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
April 11, 2023 (Arlington, VA / San Diego, CA) – With a mission that inspires employees — and a management team that invests in them — two organizations from the Momentus Capital branded family of organizations have been named among the best medium-sized nonprofits in the United States, according to The NonProfit Times, the leading publication for nonprofit managers.
Capital Impact Partners is ranked the #1 nonprofit in the medium-sized category, which includes organizations with 50-249 employees. And the organization is also among the best nonprofits of any size, ranked #2 overall.
CDC Small Business Finance is also honored in this year’s rankings as the #17 medium-sized nonprofit and #43 overall.
Capital Impact Partners and CDC Small Business Finance are both part of the Momentus Capital branded family of organizations, which also includes Ventures Lending Technologies, among other organizations.
The rankings are based on participating nonprofits’ policies, practices, benefits and demographics, as well as a survey of employees asking them to respond to 77 statements within seven categories.
“We are incredibly thrilled to be honored as two of the best nonprofits to work for — and incredibly thankful to our team members for making that recognition possible in so many ways,” said Kim Dorsett, Chief Human Resources Officer for Capital Impact Partners and CDC Small Business Finance. “This award is both validation for what we’ve done so far and motivation to continue to invest in our people. Training, resources, and a thriving culture will help us all do our best work.”
“We anchor ourselves in our mission and vision, making sure communities have the opportunities they need to be successful, and to fulfill their dreams,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance. “That also applies to our team members. Our goal is to provide team members with the opportunities and development they need. It is only by supporting and investing in our staff, that we can continue to make an impact on the residents and communities we all show up for every day.”
The NonProfit Times highlighted Momentus Capital for its nimble and entrepreneurial approach, hybrid workplace model, opportunities to connect with leadership, and fostering ongoing innovation through its Lab process — a cross-departmental structure that evaluates internal systems and processes.
The Best Nonprofits To Work For 2023 rankings are based on these 10 key drivers:
I feel I am valued in this organization.
I have the confidence in the leadership of this organization.
I like the type of work that I do.
At this organization, employees have fun at work.
Most days, I feel I have made progress at work.
This organization treats me like a person, not a number.
Overall, I’m satisfied with this organization’s benefits package.
I feel I can trust what my supervisor tells me.
This organization helps me pursue a career path that aligns with my skills and interests.
The leaders of this organization care about their employees’ well-being.
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
CDC Small Business Finance, part of the Momentus Capital Branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As the nation’s leading mission-based small business lender, CDC Small Business Finance helps build strong communities and create generational wealth by deploying mission-driven financing and free business advising to the small businesses that are the backbone of their communities and the country.
CDC Small Business Finance delivers small business and commercial real estate loans paired with free technical assistance to bolster entrepreneurship, economic development, and job creation.
We offer numerous loan products, including the Small Business Administration (SBA) 504 commercial real estate loans, SBA Community Advantage loans, and SBA Microloans. In addition, we offer non-SBA products to provide alternative options for those unable to qualify for traditional financing. CDC Small Business Finance also offers free business advice to support potential borrowers in getting loan-ready and to help our current borrowers grow and expand their businesses.
Since 1978, CDC Small Business Finance has provided more than $21.3 billion in financing to 12,500 borrowers and helped create and preserve over 217,000 jobs.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
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