Nonprofit Loan Financing

Cash Flow Loan Program

The Fund for the City of New York provides nonprofit bridge loans through our Cash Flow Loan Program.  Nonprofit organizations receive bridge financing and capital loans to continue operating and providing vital programs and services without disruption while waiting for committed funds from government and foundations. With its quick processing time, minimal service charge and no interest, the Cash Flow Loan Program plays an invisible but vital role in keeping many nonprofits functioning smoothly.

Cash flow when you need it

With an unprecedented application processing time between 3 to 5 days, you can be assured that you can pay your bills on time with no disruption to your payroll or program.

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Interest rate? What interest rate?

Of the Fund’s three loan programs, one is at no-cost and the other two carry a one-time service fee of just 2%, which is only deducted when loan funds are disbursed. Our loans allow your organization to utilize more dollars on where it matters—your programs.

 

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We look for the YES instead of the NO.

The Cash Flow Loan Program works with your organization to get you the financial assistance you urgently need. The Fund prides itself on being committed to finding ways to make sure your organization can continue to provide vital services.

 

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Loan Options

FCNY Operating Loan Fund provides bridge financing to non profit organizations, enabling them to continue operating without a disruption of services while waiting for committed funds. Cash Flow Loans carry no interest and no origination fee–just a one-time 2% service fee.

 

Eligibility

All 501©3 non profit organizations providing services in the New York City metropolitan area are eligible.

 

What to Expect

Upon receipt of loan application and support documents, we will respond within 48 hours and loans are typically approved within 3-5 business days.

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Created in 1992 in a collaboration with the Mayor’s Office and the Office of Management and Budget, RGF loans are designed to assist non profit organizations waiting for contract registration by providing cash advances against unregistered City contracts. RGF loans have no interest or service fees.

 

Eligibility

All 501(c)(3) non profit organizations with unregistered contracts with City agencies are eligible. Eligibility and amount must be authorized by the City agency and the NYC Mayor’s Office of Contract Services (MOCS).

 

What to Expect

Upon loan approval from MOCS, the loan is available within 3 business days.

 

How to Apply

Download Form, complete and submit to your contracting city agency.

Download Form

Designed to assist small to mid-sized cultural arts organizations with approved capital project expenses, the Cultural Arts Capital Loan Fund provides bridge financing to non profits to help cover upfront and/or initial costs needed to begin or continue capital projects. Capital loans carry no interest and no origination fee–just a one-time 1.5% service fee.

 

Eligibility

All 501(c)3 small to mid-sized nonprofit cultural arts organizations with capital projects are eligible, with a priority to groups that have capital grants from the City of New York and the Department of Cultural Affairs. BIPOC-led organizations are strongly encouraged to apply.

 

What to Expect

Upon receipt of loan application and support documents, we will respond within 48 hours and loans are typically approved within 3-5 business days.

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FAQ

Please review the information below to find answers to frequently-asked questions.

The fee to process the loan is one and one-half (1.5) percent, which will be deducted when loan funds are disbursed. If the loan is not repaid within three months, an additional service fee may be charged.

 

The typical repayment period is between 60-90 days. Capital loans tend to average around 6+ months due to the complexity of reimbursements.

RGF loans have no interest or service fees.

The maturity date is determined by the Mayor’s Office of Contract Services based on the status of the pending contract.

First time borrowers will be invited for a meeting to discuss their applications and terms of the loan.  They can expect to receive funds within three to five days of approval. Return borrowers in good standing can receive funds three days from approval of the loan.

 

For more information please reach out to Andrew Walrond, Vice President of Loan Programs, at awalrond@fcny.org (212.925.6675).