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1)Individual Loans Not to Exceed $100,000 and subject to available <br />Revolving Loan Balances <br /> <br />2)Loan Program amount capped at $500,000; no minimum amount <br />stipulation for a nonprofit <br /> <br />3)BOCC approved loan agreement; recourse, default and nonprofit bylaw <br />dissolution provisions <br /> <br />4)Loans secured by Deed of Trust <br /> <br />5)Revolving loan structure to recapitalize County funding source <br /> <br />6)Five to ten year maturities at no interest; maturity term contingent on loan <br />amount; and monthly repayments <br /> <br />7)Nonprofits make formal written request to County Manager by November <br />each year to coincide with Outside Agency Process and Timeline <br /> <br /> <br /> <br />Proposed Nonprofit Capital Funding Policy <br /> <br />9