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Unsecured Cash-Flow Loan

Amount: Up to $50,000
Interest Rate: 4.75% 
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 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
  • Debt consolidation

Requirements

  • 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: