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
Grant Writing 201
This intermediate-level intensive workshop is geared toward nonprofit staff or long-term volunteers with grant writing experience who are ready to take the next step in…
- Subject
- Nonprofit
- Location
- Sartell
- Start Date
- August 8, 2024
Fall 2024 Fundraising Summit Day 1
Fall 2024 Fundraising Summit Day 1: Tis the Season to Create Your Content Save the date for one, two, or all three days of exceptional,…
- Subject
- Nonprofit
- Location
- Sartell
- Start Date
- October 1, 2024
Fall 2024 Fundraising Summit Day 2
Fall 2024 Fundraising Summit Day 2: Get Ready for Year-End Save the date for one, two, or all three days of exceptional, practical fundraising training…
- Subject
- Nonprofit
- Location
- Sartell
- Start Date
- October 2, 2024
Fall 2024 Fundraising Summit Day 3
Fall 2024 Fundraising Summit Day 3: Not Enough Hours in the Day Save the date for one, two, or all three days of exceptional, practical…
- Subject
- Nonprofit
- Location
- Sartell
- Start Date
- October 3, 2024
Your 2025 Financial Roadmap
Julie Anderholm will present three FREE financial sessions in 2024. The last of the three sessions is on Thursday, Oct. 17 in Monticello. Lunch is…
- Subject
- Nonprofit
- Location
- Monticello
- Start Date
- October 17, 2024
Nonprofit Branding 101
Registration will open summer 2024. Elevate Your Nonprofit with Branding 101! Unlock the power of impactful branding for your nonprofit organization. Discover the Importance of…
- Subject
- Nonprofit
- Location
- Little Falls
- Start Date
- November 7, 2024
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
