Earned Revenue Loan          

Amount: Up to $50,000
Interest Rate: 2.25%
Please note, applicants are strongly advised to request a loan amount reflective of the organization’s capacity to take on debt.

Description

This loan is used for upfront capital to plan and hold events that have a two year history of earning revenue for your organization. This can include:

1.     Fundraising Event

2.     A Performance or Series of Performances

3.     Programming

Examples of Loan Use

• Use the loan to secure a venue for a fancy gala your organization is hosting.

• Use the loan to pay artists for an upcoming performance.

• Use the loan to pay vendors for an upcoming program.

Requirements

• Loan must be repaid by benefit proceeds, box office returns, or ticket sales from programming.

• Must have two years of experience putting on a similar benefit, performance, or program.

• Must have an active board that participates in planning and implementing fundraising activities.

• Must be repaid 30 days after the benefit, performance, or program.
   

What you will need for the application:

• Fully developed plan for the benefit or performance including location, performers, publicity, and an estimated number of attendees.

• Program, event or production budget for the current year and two prior years of this (or a similar) event.

• Current fiscal year operating budget

• Current fiscal year to date financial statements (income statement and balance sheet)

• Prior fiscal year end financial statements

• Related benefit or performance agreements or contracts, such as catering, theatre, etc.

• Board roster with affiliations

•  Upload the following documents:

  • ALF Cash Flow Projections

  • Funding Report

  • Board Resolution

Contact

Please contact our ALF consultant if you have questions about the loan or need further guidance on the application: Margaret Southerland at margaret at padmaconsulting.com or 415-567-5494.