Non-Profit Revolving Loan Fund (NPRLF)

Program funded by the Hartford Foundation for Public Giving

Provides short-term working capital to certified 501(c)(3) organizations that are in good standing and located in cities and towns served by the Foundation in the Greater Hartford region.

• • • • Type of Loan: Term and Line of Credit
      • Amount: Up to $100,000
      • Interest Rate: Fixed 4%
      • Loan Maturity: Term loans up to 48-months; Line of Credit: 2-year terms (Renewable)

 Pre-Requirements to obtain a loan through this program:

1. The business is officially registered as such and operates legally.
2. The business must be a 501(c)(3) certified organization in good standing.
3. The business must be current with both, State and Federal tax returns.
4. The business must have been in operation for at least three (3) years and have demonstrated a track record of providing beneficial service to the community. Business must be physically located in any of the following towns: Andover, Avon, Bloomfield, Bolton, Canton, East Granby, East Hartford, East Windsor, Ellington, Enfield, Farmington, Glastonbury, Granby, Hartford, Hebron, Manchester, Marlborough, Newington, Rocky Hill, Simsbury, Somers, South Windsor, Suffield, Tolland, Vernon, West Hartford, Wethersfield, Windsor, or Windsor Locks.
5. Applicant is generally ineligible for obtaining credit at a reasonable rate in the amount required.