| The Nonprofit Loan Fund provides low-interest loans up to $60,000 with a flexible payback plan to be completed within one year.
The
Nonprofit Loan Fund is a collaborative effort of local foundations, corporations
and individuals to provide nonprofits with a source of flexible funding
to meet short-term financial needs. Loans are available to help an organization
through a cash crunch brought on by delayed grant or contract receipts,
unexpected capital expenses or other unplanned events. Organizations with
501(c)(3) tax-exempt status in the State of Texas are eligible for loans
through the Loan Fund.
The
Nonprofit Loan Fund are a source of flexible funding for nonprofit organizations
to meet short-term financial needs. When agencies have faced financial
shortfalls due to delays in anticipated revenue or unplanned expenditures,
the Loan Fund has been a resource to discuss options as well as provide
loans. Our loan process both addresses the immediate needs of a borrowing
agency and helps develop better financial management skills. We want to
help you become financially stable and better able to effectively impact
the clients you serve.
Click below to learn more:
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. |
