Looking for a Loan? - Opportunity for Org with annual operating revene of at least $500,000 w/ Nonprofit Finance Fund (NFF)

Submitted by Cynthia Cooper on Wed, 10/14/2009 - 9:47am

Nonprofits are the cornerstones of our communities, providing vital services that address our most pressing social problems and strengthen our neighborhoods. With their varied business models and unique operating environments, nonprofits need a financing partner that can appreciate their particular financial situations and provide solutions to meet their needs.

Since 1980, Nonprofit Finance Fund (NFF) has made over $175 million in loans to nonprofits in support of over $1 billion in projects.

Our financing helps nonprofits manage growth, build and renovate facilities, balance government contract payments and cash flow and bridge capital campaigns, so organizations can better serve their clients and communities.

HOW CAN NFF HELP YOU?

As a federally recognized Community Development Financial Institution (CDFI) with almost 30 years of experience financing nonprofits, NFF is flexible and tailors loans to individual clients based on their unique financial story, plans and capacity.

NFF loans can help your organization:

  • Purchase, build or renovate a facility, including leasehold improvements
  • Upgrade equipment necessary to your organization’s operation
  • Manage timing of receivables from government grants or capital campaigns
  • Expand programs or grow an earned income or social venture
  • Temporarily smooth cash flow to meet day-to-day operating cash needs

With our recent $1.9 million award from the CDFI Fund, we are now offering pre-development loans. These loans may be used to support planning for facility projects or to provide new or expanded services, such as feasibility studies, market research, or business plan development.

Click here for more information

WHO IS ELIGIBLE FOR NFF LOANS?

NFF makes loans to nonprofit organizations and social enterprises that promote the economic, social or cultural development of diverse communities. Our loan clients are financially equipped to use debt as a strategic tool.

NFF will consider applications from organizations that meet the following criteria:

  • A 501(c)(3) organization or other entity that promotes the economic, social or cultural development of its community
  • Been in existence for 3 years or more (some clients such as social enterprises have shorter operating histories)
  • Unrestricted annual operating revenue of at least $500,000

NFF lenders evaluate smaller nonprofit and social enterprise organizations on a case-by-case basis.

HOW DO I FIND OUT MORE? Click here

NFF serves nonprofits from offices in the Northeast, Mid-Atlantic, Midwest and West Coast. To request more information or apply for an NFF loan, contact a nonprofit lender at your nearest NFF local office.