How Can We Help:
Amount: Up to $50,000 per cooperative; cumulative outstanding loans to any one borrower shall not exceed 5% of Shared Capital assets without approval of the Board of Directors. Rate: 5.0% Term: up to 36 months Disbursement: up to 60-day draw period Payment Structure (1) 6 months no payments, during which time interest accrues but is not owed; 2) up to 6 months interest-only, during which time principal payments may begin, contingent on the cooperative returning to pre-crisis revenue levels for 3 consecutive months; 3) amortization of remaining balance for up to 24 months. Current Shared Capital membership is not required)
Shared Capital Cooperative is a national CDFI loan fund that connects co-ops and capital to build economic democracy.