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Secured Bridge Loan

Amount: Up to $50,000
Please note, applicants are strongly advised to request a loan amount reflective of the organization’s capacity to take on debt.

Description

Used to help with cash flow needs or cover program related expenses before a related grant or contract is received. 

Examples of Loan Use

  • Organization was awarded a grant, but does not expect to receive funding in time to cover upcoming program or general operating costs.

Requirements

  • Must be secured by up to four current government contracts, an approved grant or other confirmed source of income.

  • Individual pledges are excluded from consideration.

  • Confirmed sources of income cannot exceed four contracts.

  • Loan is due 30 days after each confirmed source of income is received.

What you will need for the application:

  • Proof of collateral such as signed government contracts, grant award letters

  • Current year operating budget

  • Current year to date financial statements

  • Prior fiscal year end financial statement (audited statements or California Data Project reports accepted)

  • Board roster with affiliations

  • Upload the following documents: