• Nonprofit Operating Support Loan Program Application

  • For more information or questions about this loan program, contact Diane Fong (office) 989-893-4438, (cell) 989-475-4983, dfong@bayfoundation.org or Sue Jensen (office) 989-893-4438 or suej@bayfoundation.org.

  • Deadline: The first of each month.

  • Loan Terms:

    • Nonprofit 501(c)3 organizations only – in Bay and Arenac counties (Michigan)
    • 2-year term • 0% for 12 months, 1% thereafter with interest accruing from date of loan origination
    • No prepayment penalty
    • No administrative fees
    • Loan amounts are not to exceed $20,000 per request. This is the stated maximum. It doesn’t guarantee that the full amount will be awarded.
    • Organizations with agency/designated endowment funds at BACF can use spendable to pay back the loan.
  • Evaluation Considerations:

    • Nonprofit positively contributes to community fabric, social safety net, or unique sense of place in Bay County or Arenac County. Importance of organization to long-term community recovery.
    • Demonstrated long-term commitment to community
    • Good fiscal management (history of emergencies, etc.). Steps organization has taken to survive the pandemic.
    • Ability to repay
    • Has organization applied for federal/state dollars?
    • Forecasted revenue loss since March 16
  • Applicant Information

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  • Program Information

  • Financial Information


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