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Proposed Nonprofit Capital Funding Policy <br />1) Individual Loans Not to Exceed $100,000 and subject to available <br />Revolving Loan Balances <br />2) Loan Program amount capped at $500,000; no minimum amount <br />stipulation for a nonprofit <br />3) BOCC approved loan agreement; recourse, default and nonprofit bylaw <br />dissolution provisions <br />4) Loans secured by Deed of Trust <br />5) Revolving loan structure to recapitalize County funding source <br />6) Five to ten year maturities at no interest; maturity term contingent on loan <br />amount; and monthly repayments <br />7) Nonprofits make formal written request to County Manager by November <br />each year to coincide with Outside Agency Process and Timelin <br />ORANGE COUNTY <br />NORTH CAROLINA <br />