Capital Impact Partners Surpasses $3 Billion in Lending Supporting Communities
Since 1982, this funding has helped provide access to fundamental social services so that all communities have a greater opportunity to thrive.
August 19, 2024 (Arlington, VA/San Diego, CA) – Capital Impact Partners, one of the leading mission-driven nonprofit lenders in the United States, has now deployed more than $3 billion in lending since its founding in 1982 — much-needed financial capital that helps invest in communities.
That financial capital supports affordable housing, quality health care and education, cooperative development, healthy food and dignified aging facilities. Capital Impact Partners reached the milestone by financing projects that increase access to these fundamental social services.
Capital Impact Partners was founded at the direction of the United States Congress to support the development of cooperatives. In the decades since, Capital Impact Partners has broadened the types of projects it supports and has incorporated a place-based strategy, concentrating its work in several geographic focus areas throughout the country.
Capital Impact Partners reached its first $1 billion in lending nearly 25 years after its founding and has rapidly scaled up, surpassing $2 billion in 2014, $2.5 billion in 2018, and $3 billion in 2023.
“Reaching $3 billion in lending is a significant investment. More important than that is what that investment represents — funding that helps open the doors for the opportunities that everyone deserves,” said Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, both of which are part of the Momentus Capital branded family of organizations.
Throughout its 42-year history, Capital Impact Partners’ lending has delivered social impact across these sectors:
- Aging in Community: more than $125 million, supporting older adults with dignified community living
- Cooperative Development: more than $300 million to worker-owned and resident-owned cooperatives
- Education: nearly $1 billion, providing access to education for nearly 3,000 students annually
- Healthy Food: more than $200 million, providing more than 1.1 million people with healthy food options
- Health Care: more than $1 billion, expanding access for nearly 3 million patients
- Affordable Housing: more than $650 million, creating nearly 45,000 units of housing
Of the more than $3 billion in financing from Capital Impact Partners, more than $1.6 billion has been invested in Momentus Capital’s focus regions, supporting communities in Atlanta, Dallas/Fort Worth, Detroit, Los Angeles, the San Francisco Bay Area, and the Washington D.C. region.
And as part of the Momentus Capital branded family of organizations, Capital Impact Partners is poised to do even more in the years to come.
Capital Impact Partners and CDC Small Business Partners, two nationally renowned nonprofits with decades of experience, formally came together under a shared mission and vision in 2021 and launched the Momentus Capital brand in 2022. The family of organizations also includes their affiliates: Momentus Direct Capital, Momentus Securities (a FINRA-member broker/dealer), and Ventures Lending Technologies.
Joining together as Momentus Capital has created an ability to support economic and community development more effectively, and at a larger scale. And it provides clients with access to more resources and products.
For example, in 2023, Momentus Capital deployed more than $531 million in financial capital, which:
- Served 627 small businesses and real estate developers
- Created or preserved 5,700 jobs
- Created or preserved 1,628 affordable housing units
- Funded educational facilities and businesses serving a total of 948 students
- Funded health care facilities and businesses serving a total of 57,807 patients
- Funded healthy food businesses providing an estimated 424,000 people with expanded access to food
Momentus Capital continues to seek innovative ways to drive more financial capital to those who need it.
That includes launching Momentus Securities, an investment bank that seeks to break up the logjam between the small business owners and community organizations that need financing, the mission-driven lenders that want to help them, and the institutional investors that seek to support these transactions.
And it also includes raising $171 million for impact investments, which differ from traditional debt capital and traditional venture capital by providing entrepreneurs with options beyond traditional debt, and by ensuring that these entrepreneurs maintain control of their companies. Momentus Capital’s impact investments aim to accelerate the growth of companies that are creating positive impact in communities, including through access to health care and healthy food.
Capital Impact Partners and the Momentus Capital branded family of organizations also recognize that financial capital is not the only way to support entrepreneurs and communities. Knowledge capital (what you know) and social capital (who you know, who knows you) are also important. That is why Capital Impact Partners provides free, extensive training programs for real estate developers throughout the country who are working to bring more affordable housing and other needed developments to communities.
“I am proud of the continued commitment shown every day by our talented and passionate team. We also did not get here alone — nor will we be moving forward on our own,” Mr. Carr said. “Momentus Capital cannot fulfill its mission without the support of the community leaders and stakeholders who guide us on how best to help; the local and national partners who join alongside us on projects and initiatives; and the organizations and investors who provide us with grants and other key funding that makes all of this possible.”
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About Capital Impact Partners
Capital Impact Partners, part of the Momentus Capital branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As one of the nation’s leading mission-driven Community Development Financial Institutions (CDFIs), we help build strong communities and create generational wealth by deploying mission-driven financing, capacity-building programs, and impact investing opportunities.
Capital Impact Partners offers flexible financing for catalytic mission-aligned projects in four primary sectors: increasing access to health care, education, affordable housing, and healthy food.
In addition, we manage several multi-year initiatives in key regions to support emerging developers, small business owners, cooperatives, and community health enterprises through training, professional networks, access to experts and mentors, and pathways to grants and loan capital.
Capital Impact Partners has disbursed more than $3 billion since 1982 to create access to critical social services, grow entrepreneurs, and create quality jobs. Capital Impact Partners’ leadership in delivering financial and social impact has resulted in the organization being rated by S&P Global and Fitch Ratings and recognized by Aeris for its performance.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
Learn more at capitalimpact.org and momentuscap.org.
About Momentus Capital
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital, and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, its clients now have access to more resources and products.
The Momentus Capital branded family of organizations is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems by offering a continuum of financial, knowledge, and social capital to help entrepreneurs, community-based organizations, and local leaders at every growth stage to build strong communities and create generational wealth.
This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions that advance locally-led solutions.
Leveraging more than 80 years of combined experience, more than $3 billion in assets under management, and strong community engagement, the Momentus Capital branded family of organizations has delivered $24 billion in financing, created and preserved 298,000 jobs, and served 14,350 small businesses and 6 million people across our history.
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
Learn more at momentuscap.org.
About CDC Small Business Finance
CDC Small Business Finance, part of the Momentus Capital Branded family of organizations, is transforming how capital and investments flow into communities to provide people with access to the capital and opportunities they deserve. As the nation’s leading mission-based small business lender, CDC Small Business Finance helps build strong communities and create generational wealth by deploying mission-driven financing and free business advising to the small businesses that are the backbone of their communities and the country.
CDC Small Business Finance delivers small business and commercial real estate loans paired with free technical assistance to bolster entrepreneurship, economic development, and job creation.
We offer numerous loan products, including the Small Business Administration (SBA) 504 commercial real estate loans, SBA Community Advantage loans, and SBA Microloans. In addition, we offer non-SBA products to provide alternative options for those unable to qualify for traditional financing. CDC Small Business Finance also offers free business advice to support potential borrowers in getting loan-ready and to help our current borrowers grow and expand their businesses.
Since 1978, CDC Small Business Finance has provided more than $21.3 billion in financing to 12,500 borrowers and helped create and preserve over 217,000 jobs.
The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners and CDC Small Business Finance, as well as their affiliates, Momentus Direct Capital and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member). While each organization under the Momentus Capital brand still operates as a separate entity, their clients will now have access to more resources and products
With headquarters in Arlington, Virginia, and San Diego, California, Momentus Capital operates nationally with a focus on larger urban areas and cities in Arizona, California, Georgia, Michigan, Nevada, New York, Texas, and the Washington D.C. metro area.
Learn more at cdcloans.com and momentuscap.org.
