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

Fundraising Summit

Join Janet Cobb, fundraising trainer, for a three-day fundraising summit. Attend one day or all three! All sessions will take place from 9 a.m. to…

Subject
Nonprofit
Series
Nonprofit Academy
Start Date
October 10, 2023

Financial Jump-start Planning for 2024

Attend this free training with Julie Anderholm to prepare for 2024 and learn tips on proper budgeting processes. Time: 9 a.m. to 2 p.m.

Subject
Nonprofit
Series
Nonprofit Academy
Start Date
October 24, 2023

Nonprofit Boards for the Real World

Learn the roles, responsibilities and legal obligations of boards. Get tips on finding board members and keeping them engaged. Explore how board member roles evolve…

Subject
Nonprofit
Series
Nonprofit Academy
Start Date
November 16, 2023

Contact Us

Initiative Foundation staff members are here to answer questions on nonprofit lending.