NONPROFIT LOAN FUND - AFPSoAZ · MISSION The Nonprofit Loan Fund of Tucson and Southern Arizona (NPLF) is designed to strengthen the financial capacity of nonprofits by providing

NONPROFIT LOAN FUND of Tucson and Southern Arizona

MAKING HISTORY

Attentive to the changing needs of the Pima County nonprofit community, a group of stakeholders,

chaired by Jim Click, convened in 2012, to strategize a new type of community loan fund meant to bridge cash flow gaps and help organizations qualify for

conventional bank loans in the future.

WHY? The Nonprofit Loan Fund fills a need not currently being met by any other local private sector or governmental

sources by providing short-term operating loans to qualified nonprofits.

MARKET OVERVIEW Tucson/Pima County

• 3,600+ nonprofits. Approximately 63% of these have minimum annual revenue of $250,000.

• $5.4 billion total income

• $7.3 billion total assets

Alliance of Arizona Nonprofits 2011

THE FACTS A 2013 national study by the

Nonprofit Finance Fund found: • Nationally, 56% of nonprofits have

90 days or less of cash reserves • 85% expected an increase in

demand for services • Many nonprofits are at risk of going

out of business due to decreased public funds and the prospect of more cuts

MISSION

The Nonprofit Loan Fund of Tucson and Southern Arizona (NPLF) is designed to strengthen the financial capacity of nonprofits by providing loan financing and financial education for organizations operating within

Southern Arizona.

ABOUT

A resource for loans up to $50,000, the NPLF is designed to bridge cash flow gaps or support program expansion

while organizations await funding sources such as:

Donations

Membership fees

Grants/Contracts

Other reimbursements

WHO QUALIFIES?

To apply, nonprofit organizations need to meet select requirements, including:

• Status as a 501(c)3 located in Pima County with an annual budget of at least $250,000

• A minimum operating history of three years

• Ability to provide three-year financial statements and tax returns

• Verifiable source of funds for repayment

CREATING IMPACT

Nonprofits are unique and their needs are varied. NPLF can help by providing financing so organizations are able to:

• Seed new programs

• Purchase needed equipment

• Provide more resources to people or communities served

• Explore new opportunities and more!

HOW TO APPLY

Nonprofit organizations interested in applying for a loan are encouraged to visit

nonprofit-loans.org to complete an application

and submit for consideration.

RESOURCES Nonprofit loan experts will work one-on-one with your

organization to customize a short-term loan package with affordable interest rates based on your

organization’s needs.

NPLF provides financial resources and technical assistance to make the process as easy as possible and to ensure that you are involved every step of the way.

FUND SOURCES

The dollars in the loan fund come from several sources, including:

• Investors: Pima County Industrial Development Authority, City of Tucson Industrial Development Authority, Habitat for Humanity Tucson

• Charitable Gifts & Grants: Community Foundation for Southern Arizona, BDFC Advisor Services, Diamond Foundation, Goodwill Industries, Community Finance Corp., BMO Harris, The Foundations, Bank of Tucson

• Loan Fees

BOARD OF DIRECTORS

*Michael Hammond, PICOR Commercial Real Estate , Chair *Helaine Levy, Diamond Family Philanthropies , Vice Chair

*Debbie Chandler, Business Consultant, Sec’y/Treas Steven Banzhaf, Community Volunteer

Don Jenks, Bank of Tucson Ray Lancaster, Pyramid Federal Credit Union

*Suzanne Lawder, Goodwill Industries *Clint Mabie, Community Foundation for Southern Arizona

*Michael McDonald, Community Food Bank of Southern Arizona *Tony Penn, United Way of Tucson and Southern Arizona

Roberto Valdez- Beltran, ACCION *Frank Valenzuela, Community Investment Corporation

*Founding members

NONPROFIT LOAN FUND of Tucson and Southern Arizona

Please visit nonprofit-loans.org to learn more.

2250 East Broadway Boulevard

Tucson, Arizona 85719

Phone: (520)382-9203

Email: [email protected]