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

Understanding Nonprofit Financial Statements

Julie Anderholm will present three FREE financial sessions in 2024 at Central Minnesota Jobs & Training in Monticello. The second session on Thursday, June 27,…

Subject
Nonprofit
Location
Monticello
Start Date
June 27, 2024

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 Tuesday, Oct. 22 in Monticello. Lunch is…

Subject
Nonprofit
Location
Monticello
Start Date
October 18, 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.