Lending
For nonprofits facing a cash flow challenge, reach out to any of our loan officers to discuss a working capital emergency loan.
We make loans to a wide range of nonprofits of different sizes and fields of service. A 501(c)(3) nonprofit organization in Minnesota and the adjacent states of Wisconsin, Iowa, North Dakota and South Dakota, and Native nations sharing this geography are eligible to apply. For us, it is more than a loan. Every nonprofit is unique. Mission, program mix, funding streams, and business models all impact what kind of loan will work best. Built on our knowledge of nonprofits and their business models, our lending team determines the best approach to meet your needs, and sticks with you to address challenges.
Our lenders are available to talk through any questions you have about the lending process and what might be right for your organization. Reach out to them today.
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Loan Types and Typical Ranges
Working capital
Loans to support program and operational stability or program expansion or reimbursements. Typical range: $20,000 to $600,000
Lines of credit
Flexible financing to manage cyclical cash flow, such as to bridge the timing gap for receipt of a committed grant or contract. Typical range: $20,000 to $600,000
Short-term facility projects
Facility loans used for building improvements, repairs, equipment purchases, or to bridge to a capital campaign. Typical range: $50,000 to $1 million
Long-term facility mortgage
Flexible mortgages for building purchases, renovations, or construction for up to 5-7 years. Typical range: $50,000 to $1 million
Ready to apply?
Terms
Loans are available for periods of a few months to 15 years, and longer amortizations are available. Loan structure, interest rates, collateral, and payment plans are customized to fit the organization’s business model, cash flow, and project plans.
Related Resources
Loans: A Guide to Borrowing for Nonprofit Organizations
This Propel Nonprofits guide is designed to help nonprofits understand loans, uses for loans, and when loans make the most…
Cash Flow Template
Propel Nonprofits template helps you understand the ebbs and flows of your organization’s cash in order to manage your cash…
Annual Requirements for Nonprofit Organizations in Minnesota
Wondering what’s required for your nonprofit on an annual basis? Check out Propel Nonprofits’ Annual Requirements for Nonprofit Organizations in…
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