Nonprofit Lending

To support the vital services that nonprofits bring to the region, the Initiative Foundation offers up to $100,000 in financing to qualifying organizations to establish or expand mission-related activities. Funds can be used for working capital, equipment acquisition, and facility enhancements.

Guidelines & Eligibility

Loan amounts: Up to $100,000
Financing terms: The term/amortization, loan covenants, reporting and insurance requirements are determined on a case-by-case basis.
Origination fee: The borrower will pay a 1 percent origination fee, plus other third-party expenses for documentation, recording, etc.

Collateral and guarantees: The collateral will generally consist of a security interest in all business assets or real estate of the borrower, and may be in a first or second position. Guarantees will generally not be required; however, the organization’s board members may have a legal liability per state statute.

Upcoming Nonprofit Trainings

Resilient Nonprofit Lab

Join The Resilient Nonprofit Lab, a free, hands-on, five-month training designed for nonprofits in the Greater St. Cloud area serving underserved communities. Limited to 10…

Subject: Nonprofit
Location: Waite Park
Start Date: October 20, 2026