FINANCE FUNDING GAPS FOR NONPROFITS
Bridge Loans
Short-term financing to bridge a funding gap or take advantage of a timely opportunity.
Craft3 offers bridge financing for nonprofits to help them get started on projects before a capital campaign is complete or grant funding has been received.
Transformative
Financing that expands what’s possible for your organization and accelerates your timeline.
Flexible
Tailored to meet the needs and timescale of your specific project.
Accessible
You don’t need fully committed funding to apply.
Features
- Flexible capital to bridge a financing gap
- Borrow up to $4,000,000 or more
- Specialized terms to match your needs
- Terms up to 24 months to match your funding gap
- High loan-to-value financing available
Special rates may be available for conservation bridge financing. Learn more.
Rates & Terms
Loan Size
Up to $4,000,000
Rates
Fixed rates from 7.00% to 9.00%
Fees
Loan origination fee of 2% of loan total plus closing costs
Fees for non-profits are 1% plus closing costs
Fees for non-profits are 1% plus closing costs
Closing Costs
$650 plus any third-party fees for appraisal, legal, etc
Term
Typically up to 24 months to match your funding gap
Repayment Terms
Normal principal and interest payments each month. Interest-only payments may be available for the term of the loan, depending on the timing of the bridge funding
Financing with Craft3
Craft3 supports entrepreneurs at every step of the loan application process. Note that obtaining a business loan is a more involved and lengthier process than taking out a home mortgage.
Loans up to $250,000 can be funded as fast as 30 days. Larger loans typically take longer.
1
Contact
When you’re ready to apply, complete this online form to help us learn about you and your business. If it looks like a potential fit, a Craft3 lender will reach out to talk with you about your business plan, uses of funds and collateral.
2
Apply
A Craft3 lender will invite you to apply and help you complete your loan application package. We will review your application and give your request the careful attention it deserves.
NOTE: Review usually takes 1-2 weeks, although it can be shorter or longer depending on the size and complexity of the request.
3
Decide
Securely sign your electronic loan documents. By request, document signing is also available by mail.
BUSINESS LOANS
What we look for in a loan application:
A strong business or idea
An entrepreneur with the skills and temperament to succeed
A financing request that makes sense given your business and your financial situation
Customer Stories
Bridging the Gap: How Craft3 Supports Businesses with Bridge Financing
Craft3 offers bridge financing to nonprofits and businesses, especially those that align with our mission. Read these success stories that highlight the different ways we can support businesses with tailored bridge financing solutions.
Our Team
“Being able to engage in the community I've grown up in, and to be a resource to people who I've known for so long, in a strategic effort to make our shared community better, is what gets me out of bed every morning.”
Andrew Mattingly
Business Lender, VP
