Lending
For nonprofits facing a cash flow challenge, reach out to any of our loan officers to discuss a working capital emergency loan.
We make loans to a wide range of nonprofits of different sizes and fields of service. For us, it is more than a loan. Every nonprofit is unique. Mission, program mix, funding streams, and business models all impact what kind of loan will work best. Built on our knowledge of nonprofits and their business models, our lending team determines the best approach to meet your needs, and sticks with you to address challenges.
Our lenders are available to talk through any questions you have about the lending process and what might be right for your organization. Reach out to them today.
Contact Us
Get in touch with one of our lenders to begin the application process.
Loan Types and Typical Ranges
Working capital
Loans to support program and operational stability or program expansion or reimbursements. Typical range: $20,000 to $600,000
Lines of credit
Flexible financing to manage cyclical cash flow, such as to bridge the timing gap for receipt of a committed grant or contract. Typical range: $20,000 to $600,000
Short-term facility projects
Facility loans used for building improvements, repairs, equipment purchases, or to bridge to a capital campaign. Typical range: $50,000 to $1 million
Long-term facility mortgage
Flexible mortgages for building purchases, renovations, or construction for up to 5-7 years. Typical range: $50,000 to $1 million
Ready to apply?
Download and save a copy of our loan application to your computer, then email us the completed PDF.
Loan Eligibility and Terms
- A 501(c)(3) nonprofit organization in Minnesota and the adjacent states of Wisconsin, Iowa, North Dakota and South Dakota, and Native nations sharing this geography are eligible to apply.
- We require an operating history and do not lend to startup organizations.
- Loans are available to nonprofits in all fields of service including health care, community development, housing, charter schools and other educational organizations, social service agencies, environmental, and arts organizations.
Terms
Loans are available for periods of a few months to 15 years, and longer amortizations are available. Loan structure, interest rates, collateral, and payment plans are customized to fit the organization’s business model, cash flow, and project plans.

Recovery Capital Loans
The disruptions over the past few years have impacted every aspect of nonprofit programs, operations, and staff. Nonprofits will need a very full toolbox over the next few years to recover, rebuild, and reimagine nonprofit finances and financial stability.
Eligibility: Nonprofit 501(c)(3) organizations in Minnesota and border communities. Priority to organizations that are led by and serving Black, Indigenous, and People of Color and are accountable to their community and clients; or organizations serving low-income communities and clients.

DEED Main Street Grants (Matching Funds)
Propel Nonprofits is a proud partner of The Minneapolis Foundation and LISC Twin Cities in a new grant opportunity to support small business recovery and rebuilding in three of the Minneapolis business corridors worst hit by the combined impact of COVID-19 and the destruction following the murder of George Floyd. These grants are made possible by funding from the Minnesota Department of Employment and Economic Development (DEED) through a 2021 Main Street Revitalization Program award.

Third Street Clinic
“When it comes to a human life, I have a problem not solving the easy questions, like what they should be asking their physician, or what dietary changes could lead to reductions or elimination of some medications.”