Grant Title: |
Community Financing Grant |
Due: |
Ongoing |
Amount Per Grant: |
Unspecified |
Eligibility: |
business entities |
Funding Purpose: |
This program lends money to organizations who finance investments in the community such as, affordable housing, community facilities, social innovations, and small businesses. Interest rates are at fixed rates, term is normally one to five years, often renewable at maturity, payments are interest only, semi-annually with a balloon payment at the end of the term, with no collateral required. |
Funder: |
Unspecified |
Grant Type: |
Unspecified |
Total Funding: |
Unspecified |
Number Of Awards: |
Principal - $50,000 to $2.5 Million; loans are limited to 10% of applicant's total assets |
Link To RFP: |
Go To RFP Link |
Other Eligibility Requirements: |
Borrowers must have 3 years of operating experience, sold net assets or net worth, record of good operating performance, posting a positive net income over the past two years, able to provide audited financial statements for the past three years, and be able to show a record of being able to raise and repay debt. |
Funder Match Requirements: |
$0 |
CFDA#/ID#: |
Unspecified |
Letter of Intent |
Unspecified |
Letter of Intent Deadline |
Unspecified |
Additional Application Deadlines: |
None |
If your organization is interested in this grant opportunity, please contact Resource Associates today. We are experienced, professional grant writers who will greatly improve your chances of winning.
