Annual Report 2021
Introducing Momentus Capital
In 2022 we celebrated the culmination of two years of work to bring together Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies as the Momentus Capital family of organizations.
You can learn more about our journey to create this first-of-its-kind enterprise to transform the financial sector and better serve communities and small businesses in my blog post. This annual report is the first combined report that shows the impact we are already having as we work to provide people access to the capital and opportunities they deserve.
Ellis Carr, President and CEO, Momentus Capital
Impact Highlights
Through the Momentus Capital family of organizations, we are working with small business owners, local real estate developers, and other mission-minded local leaders to champion their solutions and build healthy, inclusive, and equitable communities. These numbers and the stories that follow provide a snapshot into the impact we are having for and with communities.
Community Development Real Estate Lending
$124.35
Loans Closed
262,000
People Served
430
Jobs Created and Preserved
615
Affordable Housing Units
2,975
Students Served
182,000
Health Care Patients
77,000
Healthy Food Customers
Small Business Lending
$506,959,000
SBA 504 Commercial Real Estate Loans Approved
$27,947,492
SBA Community Advantage Loans Approved
11,777
Business advisory hours provided at no cost
8,286
Jobs Created and Preserved
Stories of Impact
We are expanding opportunities for small business owners, social enterprise leaders, community-minded developers, and creators of community facilities by providing a continuum of capital.
Diverse Community Development Real Estate Developers Funded
- Projects: 27
- Loans Deployed: $54,664,090
Small Business Entrepreneurs Funded
- Entrepreneurs of Color
- Projects: 258
- Loans Funded: $132,347,625
- Women
- Projects: 178
- Loans Funded: $65,650,491.00
- Veterans
- Projects: 43
- Loans Funded: $33,018,000
Entrepreneurs of Color Fund Initiative*
- $13.8 million deployed
- 2105 small businesses assisted with loans and technical assistance
- 1600 quality jobs created or retained
- 64% low-to-moderate income individuals served
*Loans provided by Washington Area Community Investment Fund (Wacif) and the Latino Economic Development Center (LEDC).
Equitable Development Initiative Developers Trained
- Detroit: 86
- Washington, D.C. Metro: 50
Staff Diversity Table
| Board of Directors | Momentus Capital Staff | Executive Management Team | Lending Teams | Program Teams | |
|---|---|---|---|---|---|
| BIPOC | 58.82% | 50.55% | 71.43% | 51.95% | 56% |
| Female | 35.29% | 57.82% | 28.57% | 59.09% | 48% |
Financial Highlights
Commercial Development Real Estate Lending
FY2017-FY2021
Loan Portfolio Growth
FY2017-FY2021
Total Asset Growth
FY2017-FY2020
Unrestricted Net Asset Growth
Delinquency Ratio
Small Business Lending
FY2017-FY2021
Loan Portfolio Growth
FY2017-FY2021
Unrestricted Net Asset Growth
Delinquency Ratio
Portfolio Highlights
Commercial Development Real Estate
Total Managed Loan Portfolio
$
Small Business
Total Managed Loan Portfolio
$
On-Balance Sheet
Off-Balance Sheet
Momentus Capital Financial Documents
Leadership Team & Board of Directors
Momentus Capital’s mission-focused leadership team and board of directors bring decades of experience supporting community and economic development across the country. Their experience spans community development, capital deployment, small business, policy and impact investing.
