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
Stay Legal, Stay Mission-driven
Is your nonprofit staying on top of its legal and financial responsibilities? Join us for a 90-minute webinar with Jenn Urban, nonprofit attorney with Legal…
- Subject
- Nonprofit
- Start Date
- May 19, 2025
St. Cloud Nonprofit Lunch & Learn
Join the St. Cloud nonprofit community for lunch and an exclusive Minnesota Council of Nonprofits (MCN) State of the Sector briefing! Emily Steinmetz, Minnesota Council…
- Subject
- Nonprofit
- Location
- St. Cloud
- Start Date
- May 22, 2025
Brainerd Area Nonprofit Lunch and Learn
Collaborate for Impact: Building Stronger Nonprofit Partnerships Discover how collaboration can help your nonprofit do more with less! Join us for this Lunch and Learn…
- Subject
- Nonprofit
- Location
- Brainerd
- Start Date
- June 4, 2025
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
- Little Falls
- Start Date
- August 7, 2025
Fall 2025 Fundraising Summit Day 1
Fall 2025 Fundraising Summit Day 1: Fundraising Fundamentals: Build a Sustainable Revenue Pathway Are you ready to strengthen your nonprofit’s fundraising game? Whether you’re new…
- Subject
- Nonprofit
- Location
- Little Falls
- Start Date
- September 30, 2025
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
