Keep your mission moving forward. The Colorado Nonprofit Bridge Loan Fund provides the short-term capital nonprofits need to maintain services while waiting for government reimbursements.
Nonprofits across Colorado are delivering essential services, often under government contracts or grants. These contracts and grants are reliable in the long term, but payment delays can threaten the continuity of services. The Colorado Nonprofit Bridge Loan Fund fills this gap by providing short-term, low-cost loans.
Eligibility:
- Any Colorado-based nonprofit with an approved and current federal, state or local government grant or contract is eligible for this fund
- No restrictions on nonprofit type, issue area, geographic region, or sector
Loan details:
- Max loan amount: $250,000
- Rate: 2%
- 6-month term with option for 6-month renewal
- Unsecured
All loans are subject to credit approval.
The Colorado Nonprofit Bridge Loan Fund is supported by The Denver Foundation, Colorado Gives, The Colorado Trust, the Boettcher Foundation and Colorado impact investors. First Southwest Bank administers the fund.
FAQs
Q: Who has funded the Colorado Nonprofit Bridge Loan Fund?
A: