Mitigate the impact of the COVID-19 crisis on your organization, your customers, and the communities you serve.
NeighborWorks Capital introduces its Stabilization Loan program, which will immediately provide financing to NWOs to help stabilize cash flow and liquidity to help you get through this time and thrive on the other side:
-Unsecured loans up to $500,000 for 24 months
-Low-cost loans with no cash interest payments during the loan term to reduce liquidity burden (interest will be capitalized)
-No collateral required
-Funds available within 30 days and expected approval 10-15 business days with closing 10-15 days post-approval
With a limited supply of capital to fund these loans, we will only accept applications through July 31, 2020. We expect the pool will be fully committed long before then, so encourage you to contact your Loan Officer right away.