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To qualify for a loan, an organization must:
- Be a 501(c)(3) organization, incorporated and operating in the state of Texas;
- Have a Board of Directors with at least five unrelated members, and be empowered to borrow;
- Be able to submit monthly financial statements and cash flow projections;
- An applicant must be creditworthy, able to secure the loan and have a defined source of repayment for the 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. |
