Kansas City-based AltCap released a new micro-loan program in an effort to provide capital to small businesses that typically don’t qualify under traditional underwriting standards.
The Kansas City Growth Loan program offers loans of as much as $25,000 at a fixed 10% interest rate. The loan requires no collateral, and the underwriting doesn’t rely on the traditional credit check. Instead, the underwriters and the loan committee look at the character of the borrower and the business.
“This…
Kansas City-based AltCap released a new micro-loan program in an effort to provide capital to small businesses that typically don’t qualify under traditional underwriting standards.
The Kansas City Growth Loan program offers loans of as much as $25,000 at a fixed 10% interest rate. The loan requires no collateral, and the underwriting doesn’t rely on the traditional credit check. Instead, the underwriters and the loan committee look at the character of the borrower and the business.
“This…