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7 <br /> 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 />