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
Board Leadership Training
This training is currently full. Please email Jessy Beto at [email protected] to be placed on the waitlist. This training is offered in…
- Subject
- Nonprofit
- Location
- Brainerd
- Start Date
- November 12, 2026
Brainerd Lakes Area Nonprofit Brunch and Learn – State of the Sector
Connect. Learn. Strengthen. Join Us for a Nonprofit State of the Sector Briefing and Brunch! Join the Brainerd Lakes Area nonprofit community for brunch and…
- Subject
- Nonprofit
- Location
- Brainerd
- Start Date
- December 10, 2026
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
