Celebrating our 2023 Impact as #onemomentus

Ellis Carr, President and CEO

Through the hard work of our team, Momentus Capital injected over half a billion dollars in capital into over 600 small businesses & projects in 2023. 

I’m proud to report that over 50% of our capital and investments have gone to BIPOC-led projects and businesses, as we work to close the racial wealth gap through income, ownership, and wealth creation. And in doing so, we have helped our borrowers and partners to create or retain over 5,000 jobs.

Ellis Carr, President and CEO

Our Vision

An economic system that respects and uplifts all peoples’ right to achieve the dreams they have for themselves, their communities, and generations to come.

Our Mission

We help build inclusive and equitable communities by providing people access to the capital and opportunities they deserve.

Our Values

Intentionally Inclusive

Impact Highlights

Supporting Communities to Succeed

Our goal is to support successful communities so that the people within them can achieve the dreams they have for themselves. Addressing the Social Determinants of Health (SDOHs) is a crucial way to do that. SDOHs are the conditions in which people are born, live, work, and age that have an impact on their health and wellness. These conditions include factors such as economic security, education, housing, food access, access to healthcare services, and social support networks. We aim to have a significant impact on these determinants through our lending and investment practices.

Momentus Capital focuses on the Social Determinants of Health when considering and measuring impact.


Small Businesses + Developers Served


Jobs Created and Preserved


Business Advisory Hours Provided at No Cost


Patients with Expanded Access to Healthcare


Affordable Housing Units Financed

Further details about how we are driving social impact that supports Diversity, Equity, and Inclusion can be found below.

Ventures Lending Technologies

Ventures is our premier cloud-based commercial lending platform that offers services throughout the entire lifecycle from a borrower prospect to loan payoff. Over 230 community lenders across the country use Ventures to streamline their work providing capital to businesses and communities.

In 2023, Ventures software was used to enable nearly $6B of financing, including over $2B to BIPOC-owned businesses.  

  • Innovative Partnership with Macy’s Helps Female Entrepreneur Put Her Best Foot Forward
  • Individuals and families in Tulare’s communities are connected to the care they need thanks to Federally Qualified Health Centers (FQHCs) such as Cartmill Clinic.
  • Employees of Momentus Capital proudly display their completed Little Free Library during a company event.
  • A woman of color gives a presentation as part of Capital Impact Partners' Diverse Developer Program.
  • Latino small business owner stands in his auto repair shop after obtaining an SBA 504 commercial real estate loan in Santa Ana California.
  • Capital Impact Partners provides financial capital to support charter schools in low-income and minority communities to create real change.
  • A smiling Joel Sedeño poses in front of the SBDC office, representing small business support.
  • On January 16, 2023, at the Elmira Market located on South Capitol Street, DC Central Kitchen celebrated the distribution of one million units of fresh food through its Healthy Corners program, in collaboration with one of its partner stores.

Our Continuum of Capital in Action

Momentus Capital recognizes that the places where people live and work have a significant effect on their health and well-being. To that end, we employ a Place-Based Approach, supporting specific Focus Regions where we aim to maximize impact. 

Because economic challenges facing communities are multi-dimensional, successful place-based work must employ a variety of solutions through our continuum of capital.

Working in Focus Regions allows us to better tailor the types of capital we offer to support local solutions. This targeted strategy leads to deeper and more durable impact with the communities we support.

Highlights of 2023 work in Focus Regions include:

Los Angeles

  • Over $181 million deployed
  • Over 40% of capital provided to BIPOC business owners
  • Over 240 businesses supported
  • Over 2,200 jobs created or preserved

Expanding Our Commitment to Cooperatives

With so many people in communities across the country looking for viable opportunities not just to survive but to thrive, cooperatives are a proven model that builds and holds wealth, especially for workers in underestimated communities. Since its founding in 1982, Capital Impact Partners has been grounded in the power of the cooperative model, and has worked to foster employee ownership nationwide through our continuum of capital.

2023 Co-op Innovation Award Winners

The Compost Cooperative

Northwest Cooperative Development Center

Rock Steady Farm

Birthmark Doula Collective, operating as New Orleans Breastfeeding Center

With thanks to our longstanding partner National Cooperative Bank, and new 2023 sponsors Rochdale Capital, Wells Fargo, Ford & Paulekas, LLC, National Co-op Grocers, and TruStage. 

Since 2015, the Co-op Innovation Awards have:

  • Deployed 25 grants totaling $855,000
  • Grantees have leveraged the award to secure more that $13 million in additional funding from foundations, investors, and government
  • Grantees have reached more than 2,500 community members through meetings and training

Commitment to Diversity, Equity, and Inclusion

Our DEI Vision of Success

Momentus Capital will center the needs, desires, and input of our workforce and the communities that we serve, by valuing and hearing all voices. Our DEI Strategy provides individuals with a platform for open and honest communication and takes necessary actions to make our goals achievable.

Two small business entrepreneurs are standing in their business, which Momentus Capital helped to fund.

We’re committed to exhibiting our DEI vision both internally and externally in alignment with our three areas of focus: Community, Workplace, and Workforce.

Diverse Community Development Real Estate Developers Funded

ProjectsLoansLoans Funded

Small Business Entrepreneurs Funded

ProjectsLoans Funded
Entrepreneurs of Color262$264,401,873

Entrepreneurs of Color Fund Initiative  

Washington, D.C. Metro Area*

The collaborative has engaged nearly 100 community-based organizations, private partners, and public agencies, prioritizing and centering regional entrepreneurs in underserved communities to scale their businesses, create jobs, and build wealth.

Members of Momentus Capital and Capital Impact Partner's Real Estate Developers of Color Program gather together in front of a wall of photos.
  • Loans Deployed: $44,029,521
  • Small Businesses Assisted with Loans & Technical Assistance: 1,719
  • Quality Jobs Created or Retained: 899
  • Low-to-moderate income individuals served: 1,133 
  • Amount of increased revenue for small businesses served: $84,500,000
  • 157 convenings have been hosted across the initiative, to share best practices and strengthen support to small businesses across the D.C. Metropolitan Region

Impact Investment Highlights

Our Impact Investments program is focused on helping growth-stage companies create more social impact in their communities, which are often underserved. Below are a few highlights from the past year.

CompanyInvestment AmountInvestment TypeSectorGeography
Allegiant Transportation Legacy$250,000Mezzanine DebtTruckingAtlanta Metro
BLK & Bold$2,000,000Mezzanine DebtFood & BeverageDes Moines, IA
Cameo Consulting$21,500,000Preferred Equity & Senior DebtGovernment ContractingWashington, D.C. Metro
Laine London$700,000Mezzanine DebtBridalAtlanta Metro
Mightly$500,000Preferred EquityRetail/ClothingBay Area
Tayion Collection$250,000Mezzanine DebtRetail/ClothingDetroit Metro
QualityWorks$2,000,000Preferred EquityConsultingLos Angeles
Rebills$6,692,000Preferred EquityeCommerceNorth Carolina
Webber Media$1,700,000Preferred EquityMediaSouthern California

Free Business Advising Hours Provided

Veteran Entrepreneurs

ClientsTotal Hours

Entrepreneurs of Color

ClientsTotal Hours
Black/African American1842,346

Diverse Developers Training Program

Our diverse developers training program supports a wide range of developers to grow their careers and support communities. This includes emerging developers through our Equitable Development Initiative (EDI), as well as more established developers through our programs with Amazon and Wells Fargo

Highlights from 2023 include:

San Francisco Bay Area

  • Launch of Bay Area Listening Tour Community Outreach Initiative
    • 25+ meetings with local stakeholders
    • Hosted or sponsored 6 local events, totaling 120 attendees
  • Launch of Bay Area EDI Cohort 2
    • 53% increase in applications (year-over-year)
    • 13 cohort participants (70% women)
      • 92% receiving support for active projects in pipeline
      • Provided 45 hours of technical assistance in 2023, including group trainings and one-on-one advising
    • Kickoff event brought together 40+ community members, featuring a panel with representation from local BIPOC developers, the City of Oakland, and Alameda County
  • Currently 26 emerging developers in the network
  • 2 screening referrals for alumni and current EDI participants – totaling $2.5 million, 120 units of affordable housing in downtown Oakland

Nourish D.C. Collaborative (Washington, D.C.)

Since the launch of the program in October of 2021, the Collaborative partners* have:

  • Deployed over $16.2 million in financing; $1,330,000 in grants; and technical assistance to over 600 food businesses in D.C.
  • Served food entrepreneurs that are 92% BIPOC and 68% women
  • Created or retained 410 quality jobs
  • Outreach to over 2,400 community members through community events, including 1,500 in-person attendees

*Loans provided by project partners Washington Area Community Investment Fund (Wacif), the Latino Economic Development Center (LEDC), and City First Enterprises.

Staff Engagement Survey: DEI Metrics

  • 83% agree that Momentus Capital values diversity
  • 80% agree that employees from all backgrounds have an equal opportunity to succeed at this organization

Debuted 21-Day DEI Learning Challenge

  • Provided staff with educational content in the form of articles, videos, podcasts, or interactive websites to develop a deeper understanding of how DEI affects our work and aligns with Momentus’ mission and vision.
  • Custom Intranet site allowed participants to reflect on and discuss their learnings with colleagues across Momentus.

Staff Diversity Table

Board of Directors58.82%35.29%
Momentus Capital Staff55.17%59.56%
Executive Management Team62.50%37.50%
Lending Teams59.41%64.12%
Program Teams70.37%44.44%
*As of 12/31/2023

Media Highlights

Media outlets from across the country have featured our work with communities and local leaders. Below are some highlights of that coverage.

Impact Alpha logo

New broker-dealer Momentus Securities launches with plans to bring more institutional investment to social impact

Fund Fire logo

New York Life and Momentus Capital partner to deliver more SBA 504 first mortgage loans to commercial real estate projects

Washington Business Journal logo

City First Bank and Momentus Capital collaborate to boost SBA 504 first mortgage lending to underserved entrepreneurs

Axios Pro logo

Wedding startup Laine London nabs investment via S.P.U.R. Pathways program offered by Macy’s, Inc. and Momentus Capital

Ideastream Public Media logo

Capital Impact Partners joins with Cleveland organizations to expand Equitable Development Initiative, increase diversity among real estate developers

Model D logo

Detroit projects by developers of color find grant funding through Capital Impact Partners’ Equitable Development Initiative

Washington Business Journal logo

Nourish DC Collaborative, led by Capital Impact Partners, awards $500k in grants to local food businesses

Washington Business Journal logo

Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance, named to Washington Business Journal’s “Power 100”

For a full list and links to articles, please visit our news coverage page.

Awards & Recognition


Ellis Carr, President and CEO

Ellis Carr
Power 100 List
Washington Business Journal

Aaron Gougis

Aaron Gougis
Diversity Community Champion
Dallas Business Journal

Miriam Torres Baltys

Miriam Baltys
Financial Services Champion of the Year
SBA San Diego District

Stacey Sanchez

Stacey Sanchez
#2 SBA Lender
Orange County Business Journal

Kim Dorsett

Kim Dorsett
HR Leadership Awardee
DCA Live

Tom Brune

Tom Brune
Innovators of the Year (Finalist)
American Banker 

Kelly Klein

Kelly Klein
40 Under 40 (Finalist)
San Diego Business Journal


2023 Nonprofit Times
Best Nonprofits to Work For

Capital Impact Partners & CDC Small Business Finance

2023 Bankrate SBA Loan Statistics
#1 in Best SBA Community Advantage Lenders

CDC Small Business Finance

Top Community Advantage Lender,
SBA Fresno, California District

CDC Small Business Finance

Community Advantage Lender of the Year and Top 10 Lender, SBA Michigan District

CDC Small Business Finance

QLICIs of the Year (Honorable Mention),
Novogradac Journal of Tax Credits

Capital Impact Partners

S&P Global Ratings
A+ institutional credit rating with a stable outlook

Capital Impact Partners

Fitch Ratings
A+ rating with a stable outlook

Capital Impact Partners

ImpactAssets IA50 List
(seven consecutive years)

Capital Impact Partners

Aeris Rated

Capital Impact Partners

Financial Highlights

Community Development Lending



Total Asset Growth



Total Net Assets



Loan Portfolio Growth



Delinquency Ratio

Small Business Lending

Capital Impact Investment Note

​​Offered through Capital Impact Partners, the Capital Impact Investment Note provides a unique opportunity for individuals and organizations to invest in our efforts to create social and financial impact for underestimated communities nationwide.

Portfolio Highlights

Community Development Lending

$921.5 Million

Pie chart depicting the distribution of on balance sheet loans, illustrating the percentage breakdown of each loan category.
On-Balance Sheet Loans
Pie chart depicting the distribution of off balance sheet loans, illustrating the percentage breakdown of each loan category.
Off-Balance Sheet Loans

Small Business

$2.28 Billion

Sector Loan Balance Bar Chart
Accommodation and Food Services $27,447,822.50
Manufacturing $25,918,344.32
Retail Trade $23,541,742.45
Health Care and Social Assistance $22,069,827.38
Professional, Scientific, and Technical Services $17,890,272.06
Other Services
(except Public Administration)
Construction $15,255,629.58
Wholesale Trade $12,099,785.84
Educational Services $8,923,378.96
Arts, Entertainment, and Recreation $8,466,530.00
Administrative and Support and Waste Management and Remediation Services $7,606,400.12
Transportation and Warehousing $4,577,911.48
Finance and Insurance $3,712,670.85
Real Estate and Rental and Leasing $2,936,738.28
Information $2,636,151.71
Agriculture, Forestry, Fishing and Hunting $408,037.90
Utilities $212,759.69
Sector Loan Balance Bar Chart
Wholesale Trade $271,187,615.83
Retail Trade $260,832,588.45
Professional, Scientific, and Technical Services $259,516,536.28
Manufacturing $256,522,793.49
Health Care and Social Assistance $232,567,224.92
Accommodation and Food Services $207,958,944.94
Construction $167,969,433.86
Other Services
(except Public Administration)
Transportation and Warehousing $80,506,636.99
Real Estate and Rental and Leasing $74,140,049.19
Arts, Entertainment, and Recreation $45,809,364.02
Finance and Insurance $37,568,362.25
Administrative and Support and Waste Management and Remediation Services $28,983,543.66
Educational Services $21,198,353.03
Information $19,491,070.96
Public Administration
(not covered in economic census)
Management of Companies and Enterprises $2,078,885.66
Agriculture, Forestry, Fishing and Hunting $456,793.01

Momentus Capital Financial Documents

Group photo of Momentus Capital Executive Management Team