A great many of Southern Arizona organizations continue to struggle with cash flow gaps throughout the year while awaiting reimbursements, such as grants, donations and membership or ticket sales, forcing delays of programs and services that are vital to our community.
To that end, we are pleased to announce Nonprofit Loan Fund of Tucson and Southern Arizona (NPLF) has made its first three loans to YWCA of Tucson, Wingspan, and the International School of Tucson. Recognizing that many of our nonprofits are faced with short term cash flow challenges, our community now has a solution.
NPLF, founded in 2012, is a supporting organization of the Community Foundation for Southern Arizona. Governed by its own 12-member Board of Directors, NPLF was formed to address the unique needs of nonprofits in Tucson and Southern Arizona. By providing financial education, technical assistance and short-term operating loans up to $50,000, qualifying organizations will be able to seed new programs, fill short term operating gaps and provide more resources to people in our region. Even better, these affordable loans may help nonprofits qualify for conventional bank loans in the future.
We encourage nonprofit organizations interested in applying for a loan to visit nonprofit-loans.org to learn more or complete an application and submit for consideration. Applications have rolling deadlines throughout the year. If you have questions, please email firstname.lastname@example.org or call 382-9203. Together, we can strengthen our community and make southern Arizona a better place for us all.