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
Grant Writing 101
This training is now full. Please click here to join the waitlist. This beginner-level workshop is intended to help build new capacity…
- Subject
- Nonprofit
- Location
- Baxter
- Start Date
- May 2, 2024
Nonprofit Boards for the Real World
Back by popular demand: Unlike typical businesses, nonprofits are not owned. They are overseen by boards of directors who represent the best interests of an…
- Subject
- Nonprofit
- Location
- Braham
- Start Date
- May 7, 2024
Succession Planning for Nonprofit Leadership
Executive directors of nonprofit organizations wear many hats as part of overseeing the organization and advancing the mission: fiscal oversight, board relations, strategic planning, organizational…
- Subject
- Nonprofit
- Location
- Little Falls
- Start Date
- May 15, 2024
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 2: 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 22, 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.
