Apply for a Loan
Loans for small businesses & nonprofits to help you grow and support your community
You are one loan away from growing your impact
More than a lender, we are your growth partner. We’re passionate about reconnecting capital and community. Learn more about your options below.
Who do we fund?
The bold, the optimistic—check out the diverse and impactful businesses and nonprofits in our portfolio.
Take the first step—schedule a call with a member of the team today.
Advance California
- For California-based small businesses & nonprofits creating an inclusive and sustainable economy
- Working capital, equipment purchase, project finance, etc.
- Check size: $100,000–$1.5 million
- 11.5% interest rate + closing fee
- 3–30 month terms
- $250 application fee to start underwriting
- No prepayment penalty fee
- No credit scores required
- No personal guarantees required
- Islamic financing available
- Revenue-based financing available
Advance New Mexico
- For New Mexico-based small businesses & nonprofits creating an inclusive and sustainable economy
- Working capital, equipment purchase, project finance, etc.
- Check size: $100,000–$1.5 million
- Up to 11.5% interest rate + closing fee
- 3- to 30-month terms
- $250 application fee to start underwriting
- No prepayment penalty fee
- No credit scores required
- No personal guarantees required
- Islamic financing available
- Revenue-based financing available
Advance Climate (United States)
- Early growth-stage enterprises across the U.S. committed the long-term health of the soil, water, pollinators, workers, and community
- Working capital, equipment purchase, project finance, etc.
- Check size: $100,000–$1.5 million
- 11.5% interest rate + closing fee
- 3–30 month terms
- $250 application fee to start underwriting
- No prepayment penalty fee
- No credit scores required
- No personal guarantees required
- Islamic financing available
- Revenue-based financing available
Elevance Health Foundation
- Health-related small businesses and nonprofits owned or led by a minimum 50% BIPOC, women, or low-to-moderate-income entrepreneurs in:
- California
- Florida
- Georgia
- Indiana
- Missouri
- Nevada
- Texas
- Working capital, equipment purchase, project finance, etc.
- Check size: $100,000–$500,000
- Fixed interest rate of Prime minus 1% interest rate (7% as of this writing)
- 1- to 5-year terms
- $250 application fee to start underwriting, plus up to 3% closing costs
- No prepayment penalty fee
- No credit scores required
- No personal guarantees required
- Islamic financing available
- Revenue-based financing available
MDF Capital Partners
- For emerging impact fund managers or project sponsors across the United States
- For-profit entities and nonprofits eligible
- Check size: $100,000–$1 million
- Up to 11.5% interest rate + closing fee
- 3–60 month terms
- $250 application fee to start underwriting
- No credit score required
- No personal guarantees
- No prepayment penalty
- UCC-1 blanket lien on business assets
- Revenue-based financing available
- Option for Islamic financing
What our borrowers are saying
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Frequently asked questions
General questions
How are Mission Driven Finance different from banks or other lenders?
Mission Driven Finance (MDF) is an impact lender that focuses on supporting small businesses and nonprofits making positive change in their communities. We don’t require personal credit scores or guarantees. Your personal finances shouldn’t affect your business loan.
How can an organization prepare for a loan?
Make sure your business plan and financials are organized. Have your balance sheet and income statement ready for review.
How will the loan money be used?
Be prepared to explain how you will use the loan and your repayment plan. Funds can be for working capital, cash flow, or operational improvements. It’s important to show how the loan will help your organization grow and positively impact your community.
How does impact investing make a difference?
Impact investing can help “unbanked” organizations access funding. It focuses on reducing risk and supporting groups that create positive social changes, like job creation and opportunities in marginalized or underinvested communities.
What challenges do organizations face in getting financing?
Many small businesses and nonprofits struggle with banking history and credit score requirements. While some banks might say “no,” we look for ways to say “yes” to those with strong impact and growth plans.
What types of organizations do you work with? Does impact have to be a core value to my organization?
You don’t need a formal impact mission, but we want to see your commitment to your community. We work with various organizations that aim to create positive local impacts and help them be more intentional about their efforts.
How does the loan process work?
We have a simple process to ensure we’re aligned:
- Initial call to understand your needs.
- If it’s a match, we’ll guide you through our lending platform.
- You submit necessary documents, followed by a meeting to discuss your application.
- We’ll assist you through the closing process and stay in touch to monitor your progress.
What documents do I need for the loan process?
To get started, we need your organization’s key documents (like business model, bylaws, and filing status), financial statements, and impact documents.
For nonprofits
Am I eligible for financing as a nonprofit organization?
At Mission Driven Finance, we appreciate the important work nonprofits do and want to support you. We take the time to understand your organization and ensure our financing meets your needs.
Will cash flow challenges from grants and funding be an issue?
We’re eager to help solve complex cash flow issues. We understand that timing can be tricky, so we offer financing solutions that work with your revenue model.
Will we qualify for a loan if we focus on grants and donations rather than earned revenue?
We’ll review your current contracts and find the best loan structure for your needs. However, not every nonprofit is a suitable candidate for a loan, and we won’t provide one if it would burden your organization with debt.
For small businesses
Can you help me with capital requirements for my first big contract as a small business owner?
We’ll review your contract and impact plans to provide the financing you need to achieve your business goals.
I’m a startup founder, and banks have denied me financing. Can you help?
We’ll learn about your business to find the best financing option for you. Since debt may not be suitable for pre-revenue companies, we can help if you have a letter of intent, purchase order, or contract.
I see growth opportunities for my successful business, but banks won’t lend me capital. Can you?
When others say no, we ask, “Why not?” We’re interested in businesses looking to grow and would love to discuss your needs.
My business relies on accounts receivables, causing cash flow challenges. Can you help?
We understand the importance of cash flow for growth. We specialize in complex accounts receivable situations. However, our process isn’t ideal for emergency loans or those under six months.
What does a loan look like month-to-month?
Check out our blog post on amortization and loan terms for more details.
