City First and Momentus Capital form Partnership to Provide up to $100 Million in Underserved Small Business Owners

by Bob Coleman Publisher

“This is a creative, flexible loan product with competitive rates that is tailored to the needs of entrepreneurs who live in or serve disinvested communities — or who otherwise have been left out due to historical lending practices,” says Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance, each of which is part of the Momentus Capital branded family of organizations.

“City First Bank is thrilled to partner with Momentus Capital and leverage its track record for originating and servicing SBA 504 First Mortgage loans that can benefit our small business customers,” says Brian Argrett, President and CEO of City First Bank, National Association

Washington DC-based City First Bank and the Momentus Capital branded family of organizations will help entrepreneurs who may not normally be able to receive a commercial real estate mortgage in California, Maryland, Virginia, and Washington, D.C.