The Community Response Loan Fund is currently closed to new applications.

Please refer to information on the Short-Term Loan Fund for other consideration.

In addition to the Short-Term Loan Fund, the Community Response Loan Fund was established in May 2002 to provide emergency operating support to area nonprofit agencies that have been demonstrably and adversely affected by sudden changes in private and public funding priorities.

Specifics include:

• Organizations must be a 501(c)(3) incorporated and operating in the State of Texas with a Board of Directors with at least five unrelated members.
  
• Loans will be made for $25,000 - $50,000.
  
• Loans may be for up to three years at 0% interest.

The Meadows Foundation provided the initial $250,000 loan fund corpus and, in January 2003, added another $250,000 to the fund, which is managed by the Center for Nonprofit Management.

“We know that many local nonprofit agencies are trying to provide
more services with fewer dollars. We hope this emergency loan fund
will provide them with some relief,” says Bruce Esterline,
Vice President for Grants, Meadows Foundation.

 

For more information about both the Short-Term Loan Fund and the Community Response Loan Fund, click here or click here for the terms & conditions and how to apply for a loan.

For more information about the Nonprofit Loan Fund, contact Ryan Smith, Associate Director of Financial Services, at smith@cnmdallas.org or 214/826-3470, ext. 248.