Financing
for Non-Profits
The SEF provides flexible financing for non-profit organizations in Edmonton and area to support the development of social enterprise (SE) and social and affordable housing projects. Loans are near prime, repayable (not forgivable) and, above all else, are designed with your mission and plan in mind.
Loans for housing projects will be short term, designed to bridge to conventional and other sources of financing, and may be used for construction, renovation or the purchase of property.
Loans for social enterprise are available for either start-up of new, or expansion of existing, social enterprises. These loans will generally be for terms of 5 – 8 years and may be used to finance operating and equipment needs, building purchases and even the purchase of a franchise. In certain limited circumstances, building purchase loans will be made for a term of up to 10 years.
The possibilities are unlimited.
Guidelines:
Loans for start up SEs may range up to $50,000 and for expansions up to $150,000.
The maximum term is 10 years. Selection of the acceptable term will strive to balance the requirements of the financing plan with the principle that larger loans will have shorter terms.
Requirements:
An Idea with Blended Value
Is the idea financially sustainable or better? Does it yield a positive social return? Who is benefiting and how will this be demonstrated? How will success be measured?
History of Achievement
What has your organization accomplished? Does it have a strong positive track record in the community? If you’re a newer organization we will look for partner organizations, strong management team and board of directors.
Ability to Deliver
Have you lined up the necessary non-financial resources internally and externally to make your idea success? Do you have a firm commitment from the major stakeholders? Do you have strong internal systems? What is the health of your finances?
