Interest Rate: Determined at the time of loan approval, but generally between 0% and 3%.
Maturity: Up to 4 years. Repayment schedule is flexible, based on the borrower’s projected cash flow.
Loan Administration Fee: No Fee.
Application Process: Before submitting a formal application, complete thePre-Qualification Scanto find out if you might qualify for a loan.
Loan requests are reviewed and approved by the Nonprofit Loan Committee, which meets monthly. In general, a loan request is reviewed by the committee approximately 20 business days after a complete loan application package is submitted.
For more information about the Community Response Loan Fund, contact Ryan Smith, Associate Director of Financial Services, firstname.lastname@example.org 214/826-3470, ext. 248.
LEGAL MUMBO JUMBO: The views and opinions expressed on this blog are solely those of the author and do not necessarily reflect the views or opinions of the staff or board of any of the organizations with which the author is affiliated.