Unsecured Cash-Flow 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.
Can be used for any cash flow need(s) as identified by the applicant, including implementing a cost-savings plan and capital purchases.
Examples of Loan Use
Renovate a facility (Loan may NOT be used to purchase buildings)
Lease or purchase equipment or new technology
Bring a workspace up to code
Lease new computers and software
Repayment plan is determined by NCG staff and borrower, can be monthly, quarterly, or a balloon payment.
Repayment can be from a combination of several sources of unrestricted income, including general operating support grant awards, sales from gift shops, individual gift pledges, etc.
Loans must be repaid within 12 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: