Unsecured Cash-Flow

Amount: Up to $50,000
Interest Rate: 2.5%
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 24 months. 

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.