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

2024 Executive Roundtable

As a nonprofit executive director with a range of responsibilities, it can be a challenge to build leadership skills and network with others. We get…

Subject
Nonprofit
Start Date
February 21, 2024

Grant Writing 101

This beginner-level workshop is intended to help build new capacity for nonprofit organizations and local units of government. This intensive, hands-on training will help aspiring…

Subject
Nonprofit
Location
Princeton
Start Date
March 20, 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 Tuesday, March 26,…

Subject
Nonprofit
Location
Monticello
Start Date
March 26, 2024

2024 Continuous Improvement Cohort Program

The Initiative Foundation and Sourcewell are excited to bring the Performance Excellence Network back to Central Minnesota for a Continuous Improvement cohort. Join…

Subject
Nonprofit
Location
Little Falls
Start Date
March 28, 2024

Spring 2024 Fundraising Summit Day 1

Spring 2024 Fundraising Summit Day 1 – Unlock the Power of Profitable Events for Your Nonprofit! Attend one, two, or all three days of engaging,…

Subject
Nonprofit
Location
Staples
Start Date
April 16, 2024

Spring 2024 Fundraising Summit Day 2

Spring 2024 Fundraising Summit Day 2 – Spring into Success: Crafting Your Nonprofit Fundraising Calendar Workshop! Attend one, two, or all three days of engaging,…

Subject
Nonprofit
Location
Staples
Start Date
April 17, 2024

Spring 2024 Fundraising Summit Day 3

Spring 2024 Fundraising Summit Day 3 – Let’s Get Social! Attend one, two, or all three days of engaging, hands-on fundraising training to propel you…

Subject
Nonprofit
Location
Staples
Start Date
April 18, 2024

Grant Writing 101

This beginner-level workshop is intended to help build new capacity for nonprofit organizations and local units of government. This intensive, hands-on training will help aspiring…

Subject
Nonprofit
Location
Baxter
Start Date
April 30, 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

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

Contact Us

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