The terms of this loan are:
Amount: $10,000 to $75,000, unsecured. Larger amounts will be considered
Term: 30-90 days
Interest Rate: 0%
Fees: None
Disbursement: Approved loans will be fully disbursed at closing, to allow you to respond quickly to the needs of your organization and your community. Turnaround from request to funding expected to be no more than 10 business days.
Info needed: One-page case statement describing the financial need, the amount needed, timeframe of loan, source of funds to repay loan signed by Chief Executive Officer or Chief Financial Officer
Documentation: Note, Board resolution, Insurance Certificate, Wiring Instructions
These will be processed in the order they are received. If you have any questions please contact Stephen Peelor, Chief Lending Officer at 240-595-1561. Also, please send your requests to speelor@neighborworkscapital.org .
