Unsecured Cash-Flow

Amount: Up to $50,000
Interest Rate: 3.5%
Loan is up to $50K and can be increased up to $100K on a case by case basis. Please note, applicants are strongly advised to request a loan amount reflective of the organization’s capacity to take on debt.

Description

This loan 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 of 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. 

To Apply

To apply, log into our application portal, you will need to create an account to get started. This will allow you to save your work and come back to your application. 

What you will need for the application:

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

• Current fiscal year operating budget

• Current fiscal year to date financial statements (income statement and balance sheet)

• Prior fiscal year end financial statements

• Board roster with affiliations

• Upload the following documents:

  • ALF Cash Flow Projections

  • Funding Report

  • Board Resolution

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.