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
Strong nonprofit organizations are supported by engaged and effective boards. Organizational leadership and board members play critical roles in ensuring boards provide strategic leadership, ensure…
- Subject
- Nonprofit
- Location
- Waite Park
- Start Date
- October 14, 2026
Resilient Nonprofit Lab
Join The Resilient Nonprofit Lab, a free, hands-on, five-month training designed for nonprofits in the Greater St. Cloud area serving underserved communities. Limited to 10…
- Subject
- Nonprofit
- Location
- Waite Park
- Start Date
- October 20, 2026
Board Leadership Training
This training is offered in Partnership with Sourcewell. Strong nonprofit organizations are supported by engaged and effective boards. Organizational leadership & board…
- Subject
- Nonprofit
- Location
- Brainerd
- Start Date
- November 12, 2026
Contact Us
Initiative Foundation staff members are here to answer questions on nonprofit lending.
