Mission
First Community Capital is a nonprofit community development financial institution dedicated to providing accessible financial services and support to underserved communities, including minorities, women, veterans, immigrants, and those re-entering society. Our goal is to promote economic justice and opportunity through tailored loan products, technical assistance, and business coaching.
Basic Information
Founded in
2019
EIN
84-3804891
Total Assets
$435.6 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Business Plan Workshop
A hands-on workshop to develop successful business plans.
Monthly Mixers
Network and connect with fellow entrepreneurs at our monthly mixers.
Microbusiness Awards Dinner
Honoring remarkable small business contributions in the community.
Impact Stats
Hours of assistance
Technical Assistance Hours
Provided over 2500 hours of technical assistance to entrepreneurs.
Participants
Access to Capital Workshop Participation
Held a workshop with 150 attendees, majorly from minority backgrounds.
Participants
Financial Literacy Training
Offered financial literacy budget training to 250 participants.
Workshops
Business Plan Workshops
Conducted 4 business plan workshops attended by a total of 25 individuals.
Past Events
Microbusiness Awards Dinner 2024
2024-09-12
Honoring small businesses at the Microbusiness Awards Dinner.
Small Business Support Workshop
2024-01-20
Helping small businesses in underserved communities through informative sessions.
Upcoming Events
Reimagine Your Business Workshop
2023-10-19
A workshop aimed at providing entrepreneurs with innovative business strategies.
Learn More
Our Programs
Microloans
Providing personal loans for consumer needs and small business loans up to $50,000.
Learn MoreTestimonials
"I extend my sincere appreciation to First Community Capital for playing a crucial role in the success and growth of my business, especially during the pandemic."
Mulideen “Prince” Haadi
Owner, Haadi Shipping and Auto Body Work
"Their quick response time and exceptional service made my experience seamless."
Waynette Miller
Owner, Avente Garde Results
"I'm deeply thankful for their support in restructuring my business's loans during tough times."
Jose Martinez
Owner, Martinez and Sons Corp
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
51
58
/100
Program Expense Ratio
86.72%
18
/20
Program Revenue Growth
347.62%
20
/20
Leverage Ratio
0.519
8
/20
Working Capital Ratio
0.9021
10
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 411.8K | 94.68% |
| Program Services | 23.12K | 5.32% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 434.9K | 100.00% |
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