Types of Loans

The ALF provides five types of loans: Bridge, Benefit/Performance, Opportunity, Quick Qualifier, and Individual Artist.

  • Bridge Loans
    Amount: Up to $50,000

    • Must be secured by a current government contract, an approved grant or other confirmed source of income (excluding pledges from individuals).
    • Written proof of the confirmed source of income must be submitted and the cash flow statements must show that the loan will be repaid in full within 30 days after the confirmed source of income is received.
  • Benefit or Performance Loans
    Amount: Up to $30,000

    • May be secured with benefit proceeds or box office returns.
    • Applicant must have two years of experience putting on a similar benefit or performance.
    • Applicant must have an active board that participates in planning and implementing fundraising activities.
    • There must be a fully developed plan for the benefit or performance that includes costs, projected income, location, performers, publicity and an estimated number of attendees.
    • Cash flow statements must indicate that the loan can be repaid from the gross proceeds.
    • The loan must be repaid within sixty days.
  • Opportunity Loans
    Amount: Up to $30,000

    • May be used for new revenue streams or cost-saving opportunities.
    • Loan repayment can be up to two years’ time.
  • Quick Qualifier Loans
    Amount: Up to $10,000

    • Applicant must submit its most recent year-to-date and current year-end financial statements.
    • Does not need to include details on the organization’s line of credit, other loan possibilities, or consequences of not receiving the loan.
    • Does not require cash flow projections.