Top Black-Led Financial Organizations to Provide Up To $100 Million in Mission-Focused Lending to Underserved Small Business Owners - Seite 3

“I’m excited about this opportunity to develop and deliver a product for these small business owners,” said Ken Rosenthal, Senior Advisor of the Wholesale SBA 504 First Mortgage program for Momentus Capital. Rosenthal is the National SBA 504 Lender of the Year and has more than three decades of experience marketing wholesale first mortgages to lending institutions around the country. “With City First, we are able to use our wholesale first mortgage product to help businesses that have never had the same access to capital as others do, and to help these business owners and their communities.”

For more information, visit momentusdirectcapital.com.

More About Us

Capital Impact Partners, CDC Small Business Finance, and City First Bank are Black-led and have major presences in California and the greater metropolitan area in and around Washington, D.C. In 2021, City First Bank merged with Broadway Federal Bank, f.s.b. to become the largest Black-led Minority Depository Institution (MDI) in the nation, with approximately $1.2 billion in assets as of 3/31/23.

About Momentus Capital

The Momentus Capital branded family of organizations refers to the combined operations of Capital Impact Partners, CDC Small Business Finance, Momentus Direct Capital, Momentus Securities, and Ventures Lending Technologies. 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.

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 that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions.