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Agenda Item 3 - Discussion on Proposed Nonprofit Capital Funding Policy and Criteria
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Agenda Item 3 - Discussion on Proposed Nonprofit Capital Funding Policy and Criteria
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8/31/2018 3:37:25 PM
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8/31/2018 3:32:40 PM
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BOCC
Date
9/6/2018
Meeting Type
Work Session
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Agenda
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6C <br />Proposed Nonprofit Loan Eligibility Criteria <br />1) Current Outside Agency recipient with three- <br />year average score of at least 85% <br />2) Clean Audit opinion <br />3) Three years Audited Financial Statements to <br />complete Nonprofit Financial Capacity Review <br />4) lFC Outside Agency three -year average score <br />of 86.6% and meets proposed loan eligibility <br />requirements <br />ORANGE COUNTY <br />NORTH CAROLINA <br />
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