Status: Available
Type
Pre-development/Acquisition
Source
Private
Procurement Agency
Private
Total Annual Award
Loan sizes range from $10,000 up to $4 million
Eligible Applicants
Not for profits are eliglble to apply
Funding Award Details
- Borrowers typically use proceeds for capital projects, to bridge contract or grant receivables, to even out cash flow or address short-term needs.
- Terms up to 5 years.
- Interest rate is Federal Prime Rate + 3.0% on a floating basis.
- FJC typically does not charge closing fees or legal fees. There are no prepayment penalties.
For More Information
Learn more about FJC's Agency Loan Fund here.
Contact
For more information, or to apply, contact:
Sam Marks
Chief Executive Officer
Marks@fjc.org
Meghan Hudson
Chief Operating Officer
Hudson@fjc.org
Last updated: 01/27/2021