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
Virtual Information Session: Learn About 2025 Continuous Improvement Program
Join Performance Excellence Network’s Brian Lassiter and Michael Garner for this virtual lunchtime information session to learn more about Continuous Improvement and how this five-session…
- Subject
- Nonprofit
- Start Date
- January 22, 2025
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
2025 Continuous Improvement Cohort Program
The Initiative Foundation and Sourcewell are excited to bring the Performance Excellence Network back to Central Minnesota for a Continuous Improvement cohort. Join…
- Subject
- Nonprofit
- Location
- Staples
- Start Date
- March 26, 2025
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
