Sunday, November 21, 2010

Non-profit working capital loan program criteria

Working capital financing with terms of 1% to 1.5% per month for eligible non-profits with short-term capital needs.

 

Eligibility:  501 ( c) 3 organizations in Georgia and Tennessee.

 

Amount: up to $10,000

 

Interest Rate: 1% to 1.5% per month

 

Term: up to 6 months; can be extended for another 6 months

 

Collateral: Generally a first lien on cash and investments, contracts and accounts receivable and present and future contributions.  Approval may require other or additional support

Fee: $100 due diligence fee

 

 

Adrian Davis

678-868-1885

www.acdfinancial.com

 

#nonprofit #Tennessee #Atlanta

 

 

 

No comments:

Post a Comment