Community Foundation for Greater Atlanta addresses Capitalization
(11-5-10) The Nonprofit Loan Fund helps nonprofit organizations in our 23-county service area meet short-term funding needs by providing bridge loans. Building upon the success of the Arts Loan Fund, The Community Foundation is expanding loans to stabilize the funding of nonprofit organizations.
The Loan Fund allows organizations to weather times of short-term cash crunches, seize immediate growth opportunities that require some investment or maintain steady operations while waiting for pledged public or private grant funds or contracts. Because of its year-round accessibility and quick underwriting process, the Loan Fund serves as a valuable source of alternative short-term financing for organizations that typically juggle cyclical grant payments.