News Coverage

This is Small Business: Business Loans Dos and Don’ts

Money is such an integral part of your business. So when the time comes and you need to secure more, where do you start? Who do you turn to? In this episode, Iman Cotton, a loan officer with CDC Small Business Finance, guides us through how to best prepare yourself and your business for a loan.

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Loans help owners survive, thrive and expand

This article explains how small business owners can launch and expand through the U.S. Small Business Administration’s 504 and 7(a) Community Advantage loans — and spotlights how CDC Small Business Finance has helped borrowers in Los Angeles, California, and nationwide. “The loan has been life-changing,” said Yolanda Duckett, who expanded Duckett Kidz Care Inc with the assistance of CDC Small Business Finance. “I am going to be able to make a real impact on this community, which needs child care services and jobs.”

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New York Life and Momentus Capital partner to deliver more SBA 504 first mortgage loans 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.”

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

“We want to support the company and help them reach diverse customers nationwide, as they’ve already shown was possible in the Atlanta area,” says Elisabeth Chasia, investments director at Momentus Capital.

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Capital Impact Partners awards Co-op Innovation Award to justice-oriented farm in Massachusetts

“Rock Steady Farm — a queer- and trans-owned farm rooted in social justice, food access and farmer training — is being awarded $40,000 to develop and launch a paid apprenticeship program for queer and trans farmers and farmers of color. […] The funding was announced as part of the annual Co-op Innovation Awards, a joint project from Capital Impact Partners and National Cooperative Bank.”

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City First Bank and Momentus Capital collaborate to boost SBA 504 first mortgage 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.”

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

“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.”

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Capital Impact Partners joins with Cleveland organizations to expand the EDI program

“A new initiative is striving to increase diversity in the field of real estate development and to provide the tools to build the skills needed for success. The Cleveland Equitable Development Initiative began accepting applications from minority developers this week. The initiative is a joint effort among two local nonprofits, Cleveland Development Advisors and Village Capital Corporation, as well as a national group, Capital Impact Partners.”

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

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