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.
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.
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: