Community Response Loan Fund

Thanks to funding from The Meadows Foundation, the Center is offering loans for agencies affected by recent economic conditions. 

To qualify for a loan, an organization must:

• Be a 501(c)(3) organization, incorporated and operating in the state of Texas;
• Have a Board of Directors with at least five unrelated members, and be empowered to borrow;
• Be able to submit monthly financial statements and cash flow projections;
• An applicant must be creditworthy.

Terms & Conditions for the Community Response Loan Fund:

• Amount: Up to $75,000.
• Interest Rate: Determined at the time of loan approval, but generally between 0% and 3%.
• Maturity: Up to 4 years. Repayment schedule is flexible, based on the borrower’s projected cash flow.
• Collateral: Unsecured.
• Loan Administration Fee: No Fee.

Application Process:
Before submitting a formal application, complete the Pre-Qualification Scan.

Loan requests are reviewed and approved by the Nonprofit Loan Committee, which meets monthly.

For more information about the Community Response Loan Fund, contact Ryan Smith, Associate Director of Financial Services, at smith@cnmdallas.org or 214/826-3470, ext. 248.