The work Momentus Capital is doing to deliver a continuum of financial, knowledge, and social capital is being recognized in both national media and local outlets.
We invite you to read highlights of that coverage below or follow the links to read full coverage on each news outlet’s website.
If you are a member of the media and have a press inquiry, please contact our media relations manager, David Greisman, at firstname.lastname@example.org.
New York Life and Momentus Capital Partner to Deliver Seed Capital to Commercial Real Estate Projects
“New York Life recently allocated $50 million from its insurance general account to a new impact lending program run by Momentus Capital seeking to provide small business loans to help entrepreneurs in underserved communities purchase real estate.”
City First Bank and Momentus Capital collaborate to boost lending to underserved entrepreneurs
“D.C.’s City First Bank is committing that sizable amount [$50 million] to Momentus for a new SBA 504 first mortgage loan program that small business owners in low-to-moderate income areas in D.C., Maryland, Virginia and California can tap to purchase property or refinance existing mortgages.”
CEO Ellis Carr Named to Washington Business Journal’s Power 100 List
“We are proud to be listed alongside the many leaders and stakeholders who are contributing to the future of the Washington, D.C., Metro region.” said Mr. Carr, the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of organizations. “One of our guiding principles is: ‘If you want to go fast, go alone. If you want to go far, go together.’ The work we are all doing will help everyone in the D.C. region have access to the capital and opportunities they deserve.”
Momentus Securities: Collateralizing small business loans to bring institutional capital to local impact
“Momentus Securities is taking a page from the corporate credit playbook and applying it to loans for affordable housing, healthcare, education, small businesses and food systems. Momentus, a registered broker-dealer, plans to bundle such loans into securities with investment-grade credit ratings and sell them to pension funds, endowments and other institutional investors with an appetite for social impact but few easy ways to enter the market.”
American Banker’s Innovators of the Year: Tom Brune of Ventures Lending Technologies
“After becoming president of Ventures Lending Technologies last year, Tom Brune led the organization to double its income, reach its first year of profitability and launch a product for building online loan applications.”
Capital Impact Partners and CDC Small Business Finance Recognized as Two of the Best Nonprofits to Work For
The NonProfit Times, the leading publication for nonprofit managers, 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.
Momentus Capital Initiatives Manager Aaron Gougis Named “Community Champion” in Dallas Business Journal’s Leaders in Diversity Awards
“As the Dallas Initiatives Manager, Gougis is responsible for leading the expansion of Capital Impact Partners’ Equitable Development Initiative in Dallas, which launched within the last year. Gougis said his goal is to help real estate developers of color overcome systemic racism and bridge the access gap.”
Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses
Macy’s and Momentus Capital have launched S.P.U.R. Pathways: Shared Purpose, Unlimited Reach to deploy $200 million to diverse-led businesses, including the retailer’s suppliers but reaching other entrepreneurs as well. This multiyear, multifaceted funding program is intended to advance entrepreneurial growth, close wealth gaps, and shatter systemic barriers faced by diverse-owned and underrepresented businesses.
Leveraging National Presence and Scale to Drive More Solutions for Local Challenges: Q&A with Momentus Capital President & CEO Ellis Carr
In this interview, Ellis Carr discusses the impetus behind the formation of the Momentus Capital branded family of companies — and how it will enhance the work that Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies are doing.