A general timeline to receive loan funding is as follows:
After receiving completed loan application: 1-2 days for loan approval.
Length of the campaign (prep to funding): 3 weeks to 3 months, depending on size of loan.
Once the campaign is complete, you will receive the promissory note reflecting the final
loan terms. The loan disbursement occurs 1 to 2 days after forms are signed.
Various use of proceeds is supported – from bridge loans to real estate and construction loans. Visit our Success Stories to read about some of our past borrowers.
No worries! Once we receive your loan application, we will analyze your circumstances and present suitable options.
Some loans are guaranteed by their supporters. To see how this collateral guarantee feature works, click here. If you are interested, fill out an application and we will contact you.
IRS determination letter
Two most recent IRS Form 990s
Last two years of financial statements (audited, if available)
YTD financials depending on fiscal year end
Most recent debt schedule (if applicable)
2 recent bank statements
Note: Other documents may be requested.
Yes. Click here to preview the application questions.
Your sponsors will be those closest to the organization: executives and board members, and potentially foundations. Three specific ways to sponsor are:
1. Pledge of cash and/or marketable securities securing 100% of loan by leadership and/or board members.
2. Board member guarantee on 100% of loan – verified as accredited investor.
3. Leadership subordinated debt (at least 50% of loan)
