How to Apply for a Loan

This page describes how to apply for a loan from the Marin Community Foundation Loan Fund. If you have any questions, please contact Marc Rand, loan officer, at 415.464.2522 or by email.

  1. If you are a nonprofit organization whose proposed project or program is conducted in Marin County and needs financing, call Marc Rand, MCF’s loan officer, to discuss your organization’s project and potential loan. He can be reached at 415.464.2522.

  2. If the loan officer determines that debt financing from MCF would be a good fit for your organization’s project or program, you will be asked to complete and submit a Letter of Intent. To download the form for completing this letter, click on the icon below. This is a PDF document that requires Adobe Acrobat Reader.
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Letter of Intent

 

3.      After the Letter of Intent is submitted, the loan officer will set up a meeting with your organization to discuss the project in more detail. The loan officer may ask for more documentation to measure the viability of the project and your organization’s ability to carry debt. This may include three years’ worth of financial statements, operating projections, purchase agreements, etc. 

 

4.      If the loan officer determines that the organization and/or project would be viable with debt financing from MCF, you will be asked to complete a full proposal to apply for a loan. You will be provided the required application materials at that time.

 

5.      After the completed materials are submitted, the loan officer will work with your organization to evaluate your application. This includes an analysis of your organizations finances, debt capacity, and the source of repayment.

 

6.      Before the loan can be approved, it will be reviewed by the loan officer, the Foundation’s Loan Committee, and the Foundation’s Board of Trustees.

 

7.      If the Board of Trustees approves the loan request, MCF staff will work with your organization to close (i.e., sign the legal documents) and fund the loan.

 

This process (steps 1 through 7) typically takes about three to four months.

 

8.      Once a loan has been closed and funded, MCF staff will monitor the loan throughout its term. 

5 Hamilton Landing, Suite 200, Novato, CA 94949|email or call 415.464.2500|Directions