Loan FAQs — Nonprofit Facilities

What can loans be used for?
To purchase the property (often in conjunction with a bank loan), to make improvements, and renovations to a property.

What is the interest rate?
Contact us for current rates.

What is the term of the loan?
The term is negotiable.

Does the Loan Fund take collateral?
Yes. Each loan is secured by a mortgage on real property and, in some cases, other collateral.

What are the fees?
Contact us for current fees.

How soon can the Loan Fund make a decision on a loan request?
The turnaround on a loan request is generally one month. If a shorter turnaround time is needed, the process may be expedited.

Who do I contact?
Each project is different, and the first step is always to talk with us. Contact Nadine Salley, Director of Lending, at 603-224-6669, ext. 240 or nsalley@nhclf.org.