Thursday, November 04, 2010

Loan fund helps small nonprofits in metro Atlanta �| ajc.com

Loan fund helps small nonprofits in metro Atlanta �| ajc.com: "Few lenders were willing to work with smaller nonprofits, Goldenburg said.

Then he heard about a new loan program at the Community Foundation for Greater Atlanta.

The foundation recently launched the program to help small and midsize nonprofits in a 23-county area that were dealing with short-term cash crunches.

The Nonprofit Loan Fund will help small and midsize nonprofits with annual operating budgets up to $3 million maintain their operations and possibly participate in growth opportunities as they wait for pledged public or private grants or government contracts to come through."

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