Facility Loan
Amount: Up to $100,000
Interest Rate: 2.25%
Please contact Margaret Southerland at margaret at padmaconsulting.com or 415-567-5494 to help identify if this loan product fits the needs of your nonprofit.
Description
Loans can be used to help with facilities and facility improvement related projects.
Examples of Loan Use
Leasehold improvements
Building permits and architectural drawings
Lease deposits and moving costs
Equipment or other capital purchases
Requirements
The repayment plan is to be determined by NCG Staff and borrower.
Loan must be repaid within 12 months.
This loan may not be used to purchase real estate.
What you will need for the application:
Current fiscal year operating budget
Current fiscal year to date financial statements (income statement and balance sheet)
Prior two fiscal year-end financial statements
Board roster with affiliations
Please click on the links below to upload and complete the following documents:
Facility Project Budget and Cash Flow Forecast
Do you best to create a loan payment plan in the cash flow projections. This payment will be discussed and finalized in partnership with ALF staff.
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.