BORROWING FROM US

Since 1985, we have been linking socially concerned investors with community and economic development projects - projects developed by organizations like yours.
 

The Community Loan Fund can meet your nonprofit's financing needs:

	Loans up to $300,000 (larger financing needs can be met with CDCLF arranging for other lending partners) with fixed interest rates.
	Minimum closing costs.
	Short and long term loans.

Our financing has been used to:

	Purchase or renovate real property for nonprofit office and program space.
	Purchase or renovate real property for affordable, supportive or special needs housing.
	Improve the energy efficiency of buildings (we are a NYSERDA approved lender).
	Provide cash flow while awaiting funds from grants, contracts or other receivables.
	Provide lines-of-credit.
	Purchase equipment, vehicles, or other necessary assets, to operate successful programs.
	Expand services or start an entrepreneurial venture.

Why Borrow from the Community Loan Fund?

Mission. Our mission aligns well with yours. CDCLF borrowers become part of a larger like-minded network, a community of socially concerned investors and mission driven organizations. Together, we can serve our community better and have a greater community development impact.

User-friendly, flexible and appropriate. CDCLF staff and volunteers have decades of experience organizing, managing and financing nonprofits. We know how difficult your work is. We will listen to your needs and develop financing that best meets your situation.

Affordable. Loans at fixed interest rates to meet your short and long-term financing needs. Closing fees and costs kept to a minimum.

Accountability and local decision-making. We are a private nonprofit organization, with IRS 501(c)(3) determination, community based and accountable to local residents. We recognize and embrace the importance of local decision-making.

Keeps money local. Interest paid on CDCLF loans remains in our community, strengthening our local economy. As a revolving loan fund, CDCLF funds are used over and over again to make more loans to area nonprofits.

Examples of non-profit borrower projects:

Community Land Trusts in Albany and Schenectady have borrowed over $1 million, through numerous loans, to purchase vacant properties and fix them up to provide homeownership opportunities for low-income people.

Family and Children's Service of the Capital Region borrowed $200,000 to purchase a new facility and an additional $75,000 for cash flow needs.

The Family YMCA in Glens Falls used $300,000 in permanent financing to add an extension to their community facility.

C.O.C.O.A House in Schenectady used $39,000 to renovate a property for their after school program.

The Affordable Housing Partnership has a loan of $100,000 for an innovative anti-predatory lending project.

Trinity Institution/Homer Perkins borrowed funds for energy saving measures at reduced rates, and to renovate a building for housing for families leaving drug rehab programs.

Centro Civico of Amsterdam used $70,000 for cash flow while awaiting funds from government contracts and also borrowed $88,500 to construct "La Segunda Casa."

The Arts Center for the Capital Region used $170,000 to restructure debt and strengthen their program.