New Revenue Loan
Amount: Up to $50,000
Interest Rate: 6%
Please note, applicants are strongly advised to request a loan amount reflective of the organization’s capacity to take on debt.
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.;
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: