In 2023, Momentus Capital Deployed $531 Million to Help Small Business Owners, Underrepresented Developers, and Disinvested Communities
The annual report for the Momentus Capital branded family of organizations showcases the deep and durable impact being created in communities nationwide.
May 6, 2024 (Arlington, VA/San Diego, CA) – The Momentus Capital branded family of organizations — which includes Capital Impact Partners, CDC Small Business Finance and their affiliates, Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies — has released its annual report for the 2023 fiscal year (January 1-December 31, 2023).
The annual report showcases the many ways that Momentus Capital utilizes financial capital, social capital, and knowledge capital to help entrepreneurs, community leaders, and the communities they serve.
“Everyone deserves the opportunity to succeed. Our work is focused on helping the entrepreneurs and communities whose access to the opportunities they deserve has been limited,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance.
“They are the small business owners who get turned down for traditional loans because of systemic barriers, but then can flourish when provided with the financing they need, growing their businesses and the local economy. They are the real estate developers who are able to gain a greater foothold in their industry because of the doors that are opened to them. And they are the community members who are better positioned to thrive when they have access to quality health care, high-performing schools, and healthy foods.”
In total, the Momentus Capital branded family deployed more than $531 million in financial capital in 2023.
