Loan Guidelines

Loans and lines of credit are tools you can use to achieve your organization's goals. Depending on your immediate and long-term objectives, different types of financing will best suit your needs. Addressing cash flow issues, building capacity, and embarking on a capital campaign are all different circumstances that call for different kinds of financial support. For this reason, at Nonprofits Assistance Fund, we offer flexible financial solutions tailored for your nonprofit's situation and goals. Contact a Loan Officer for a financial assessment and to begin a partnership to help realize your vision.

Basic Loan Guidelines


Eligibility: Any nonprofit 501(c)(3) organization in Minnesota or adjacent communities is eligible. We focus on nonprofits that serve the community, including health care, community development, housing, education, social services, and arts organizations.

Loan Amounts: $5,000-$500,000

Eligible Uses of Funds:

  • Bridge loans
  • Working capital
  • Program expansion
  • Earned income ventures
  • Equipment
  • Leasehold improvements
  • Building repair and renovation

Basic Loan Types:

  • Short-Term Working Capital Loans
  • Long-Term Working Capital Loans
  • Facilities Loans
  • Lines of Credit

Terms: Three months to five years

Interest Rates: 7 ¼ - 9½%, based on the type, amount, and term of the loan

Collateral: Required, but generally more flexible than a bank.

Fees: $250 closing fee. Lines of credit have an annual fee. There may be out of pocket costs for mortgages and title insurance for real estate loans.

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