Apply for a Loan
Application Process and Review
We take the time to get to know your organization and the leadership team. The loan application process helps our loan officers understand your mission and programs, credit needs, and overall financial situation. This information helps us provide the best financial advice and craft the right loan for your nonprofit.
The best way to get started is with a phone conversation or meeting with a lending team member. Please contact us to discuss your need and the application process.
When you apply for a Minnesota Nonprofits Assistance Fund® loan, you will be asked to submit the following information:
- Loan application
- Loan Application - Word
- Loan Application - PDF
- Financial statements (balance sheet and income statement) for current and last 2 fiscal years.
- Operating budget for the current fiscal year
- Current members of the Board of Directors
- Cash flow projections for the next 12 months is required for working capital and bridge loan requests
Our lending team will provide assistance and consultation throughout the application and review process. Call us if you have questions.
Once you submit a complete application, the review process generally takes two to four weeks. If the application is approved, additional documentation will be required.
“The relationship is phenomenal. It’s great, it is not just a business transaction; it’s more like a partnership. NAF really wants to know about the work that we do.”Jessica Rogers, Executive Director at Connections to Independence