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
Smart Strategies: Using AI to Drive Nonprofit Success
This training session, for small nonprofits, will introduce practical, free or low-cost artificial intelligence (AI) tools to boost your organization’s efficiency and impact. You’ll learn…
- Subject
- Nonprofit
- Location
- Collegeville
- Start Date
- February 11, 2025
Nonprofit Boards for the Real World
Back by popular demand: Unlike typical businesses, nonprofits are not owned. They are overseen by boards of directors who represent the best interests of an…
- Subject
- Nonprofit
- Location
- Brainerd
- Start Date
- February 27, 2025
2025 Executive Roundtable
As a nonprofit executive director with a range of responsibilities, it can be a challenge to build leadership skills and network with others. We get…
- Subject
- Nonprofit
- Location
- Little Falls
- Start Date
- March 26, 2025
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
