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

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

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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

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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

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Give to the Max Day Webinar

Join GiveMN’s Jenna Ray, deputy executive director of community impact, for a deep dive into the importance of amplifying Greater Minnesota nonprofits during Give to…

Subject: Nonprofit
Start Date: October 8, 2024

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