Cash Flow Loan Program

In light of the current pandemic and the associated financing issues for nonprofits, the Dyson Foundation has expanded and revised its Cash Flow Loan Program to increase the revolving pool of funds available, remove all service charges, expand eligibility, and lengthen the loan term to one full year. We will consider cash flow loans against fully-approved government contracts and foundation or corporate grants. The loans, generally up to $50,000, are made on a first-come, first-served basis.

Eligibility

To be eligible for a cash flow loan, an organization must be a 501(c)(3) nonprofit organization based in the Mid-Hudson Valley (Columbia, Dutchess, Greene, Orange, Putnam, and Ulster counties). Generally, loans will be considered to human service and safety net organizations that have received a Mid-Hudson Valley Dyson Foundation grant for general operating support or project support during the last five years, or those that meet our current funding guidelines and are meeting critical needs.

Program Details

Loans are interest-free; we have removed the small service charge previously administered.

All recipients who honor the terms of the loan may return to the program for additional funds, however there is a limit of one cash flow loan per calendar year.

Three criteria will be considered in approving a cash flow loan:

  • The existence of a legally binding contract currently in effect, a written grant commitment, or another legally binding receivable
  • The ability to repay as evidenced by the organization's overall financial health
  • The financial management record of the board and executive director

Application Procedure

Step 1: Contact your organization's program officer at the Foundation to make an initial inquiry and to discuss whether a cash flow loan application makes sense for your organization’s particular situation. If you decide to proceed with an application, you will need a board resolution acknowledging the terms of the loan and intent to repay it.

Step 2: Loan program staff will then assist you in completing an application. After your application is submitted staff may also contact the funding agency responsible for the contract or grant against which the cash flow loan will be made.

Step 3: Loan program staff will notify your executive director of the loan decision, and, if the loan is approved, the amount and repayment date of the loan.

For further information, call 845.677.0644 or email your program officer.