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New Revenue Loan

Amount: Up to $50,000
Interest Rate: 6.25% 
Please note, applicants are strongly advised to request a loan amount reflective of the organization’s capacity to take on debt.

Description

Can be used to purchase technology, equipment, etc. in pursuit of a new revenue stream. 

Examples of Loan Use

  • Start or expand a program that requires up-front costs for personnel, consultants, supplies, facility rentals etc.;

Requirements

  • Repayment plan is determined by NCG staff and borrower, can be monthly, quarterly, or a balloon payment.

  • Loans must be repaid within 24 months.

What you will need for the application:

  • Proof of collateral (To be discussed with ALF consultant)

  • 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: