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Loan Products for Arts & Culture Nonprofits
Below is a list of loan products the Arts Loan Fund offers. If you don’t find what you need or have a question about one of the products, contact the ALF consultant to discuss your organization’s needs or learn more about a product.
Emergency and Unsecured Cash-Flow Loan products are offered at a 2.5% interest rate and all other loan products are offered at a 2.25% interest rate. These rates will stay fixed throughout 2024.
Arts Education Loan
Used to pay artists and cover program-related expenses for art education programs, before receiving payment from a school, government agency or funder.
Secured Bridge Loan
Used to help with cash flow needs or cover program related expenses before a related grant or contract is received.
Earned REvenue Loan
Used for upfront capital to plan and hold a fundraising event, produce a performance, or host an event or annual program.
New Revenue Loan
Used to purchase technology, equipment, etc. in pursuit of a new revenue stream.
Quick Qualifier Loan
Same as a bridge loan, except loans are up to $10,000 and the application has fewer requirements.
Emergency Loan
Used to cover any immediate and unexpected cash flow need identified by the borrower.
Unsecured Cash-Flow
Can be used for any cash flow need(s) as identified by the applicant, including implementing a cost-savings plan, capital purchases, and renovations.
Facility loan - [this loan product is currently paused]
Can be used to help with facilities and facility improvement related projects.
debt swap loan
Can be used to help reduce high interest rate debt from other financial institutions.