Collaborative NFP Loan Fund

Financial statements and other essential supporting documents are required as part of the loan application. Please note that failure to submit ALL of the required documents listed will result in delays in processing your application.

Grant Deadline

2025-01-21

Funding Amount

$20,000

Type of Grant

Loans

Sectors

All Sectors

Demographics

Incorporation

Non Profit, Charity

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

For the application package to be considered COMPLETE, you need to submit ALL of the following:

1.Completed Collaborative NFP Loan Application

2.24 month projected cash flow

a. 12-month during COVID-19 (while organizational operations were physically closed due to pandemic restrictions)

b. 12 months post COVID ( once organizational operations reopened to the public)

3. Annual Report (if available)

4.2 years audited financial statements or notice to reader,

a. or 2 years of operational activities (i.e. tracked revenues and expenses)

b. or 1 year of financial statements for start-ups or new non-profits/charities

5.For loans over 10K, organizations must provide 3 years of financial information.

6.2019 debt service ratio qualification. Organizations must be able to demonstrate through financial records that their business was negatively financially impacted by the public health measures put in place due to COVID-19

7.Letter from the organization's Board of Directors endorsing the loan application

8.3- year grant history if applicable

9.Complete interview questionnaire

10.Articles of Incorporation

11.Board resolution

12.Photo ID of signing authority (compliance with Alterna Savings Policies)

Grant Application website

https://new.alterna.ca/en/business/small-business/microfinance/collaborative-nfp-loan-fund

Contact

Toll-free

1.877.560.0100

Toll-free Fax

1.866.267.1064

Toronto

Call 416.252.5621

Fax 416.679.0339

Ottawa

Call 613.560.0100

Fax 613.560.0177