Cash Flow Loan Program

Cash Flow Loan Program

Overview

The Emergency Cash Flow Loan Program is designed to extend a short-term cash loan to an organization experiencing delayed receivables in order that they might continue successful operations until expected funding is received.

The strategy of the Program is to provide loans to organizations that meet the guidelines set forth by the Ausherman Family Foundation. The program's goal is to provide funding in an expeditious manner and at a lower interest rate than available from other lending institutions.

The loan must be repaid within 45-180 days so funds will be available for other similar requests for assistance.

Back to Top

Cash Flow Loan Program

  1. The Loan Program makes short-term (45-180 days) cash flow loans ranging from $10,000 to $25,000 against delayed receivables from government, foundation or corporate grants, and contracts.
  2. Loans will be made on a first-come, first-served basis from a revolving funding pool of which the total annual amount available is $50,000.
  3. For non-profits organizations that must pay for a project in advance or whose receivables are delayed, the Ausherman Family Foundation provides Cash Flow Loans to bridge the situation.
  4. Very low interest rates are available.
    i. 0.75% if repaid within 45 days
    ii. 1% if repaid within 90 days
    iii. Repayment periods of up to 6 months with a 2% maximum loan fee charged.
  5. Once eligibility has been established, the Foundation offers quick turnaround on loans. 

Back to Top

Eligibility Criteria

Organizations that meet the eligibility criteria for the Ausherman Family Foundation loan program will:

  • Have a clearly defined mission that falls into one of Foundation’s Areas of Interest for funding.
  • Provide financial information that supports the need for the bridge loan.
  • Are able to demonstrate ability to repay the loan.
  • Have a strong Board of Directors and staff member leadership
  • Are located in Frederick County, Maryland.
  • Have an IRS nonprofit 501(c)3 tax exempt designation.

Back to Top

Areas of Interest

The Ausherman Family Foundation awards grants to nonprofit organizations that fit into the following defined Areas of Interest, listed below in order of funding preference.

  • Children, Youth, & Families
  • Human Services
  • Health
  • Education
  • Arts & Culture
  • Public/Society Benefit

Back to Top

Areas of Interest Defined

Below are definitions of the Areas of Interest supported by the Foundation:

  • Children, Youth & Families

    Organizations or programs that provide enrichment and increased opportunity to children and youth as well as organizations or programs that strengthen families. Programs and activities included are scouting, mentorships, youth leadership, youth community service clubs and job training, parent engagement, education, college access, academic enrichment, and arts activities.

  • Human Services

    Programs and services that provide basic welfare to help individuals, families, and communities to prevent, alleviate, or better cope with crisis, change, and stress. Human Services include the following sub-categories: crime and delinquency prevention, legal services, employment/jobs, food, housing/shelter, and women's issues.

  • Health

    All treatment and rehabilitative programs relating to physical and mental health including, but not limited to, the following sub-categories: Hospitals and primary care facilities, mental health and crisis intervention, diseases, disorders and related medical disciplines, nutrition, and dental care.

  • Education

    Institutions of higher education that provide academic education are considered. Also included are libraries and organizations providing continuing/supplemental education outsidethe formal school system, such as English-as-a-second-language programs, literacy, and reading programs for children and adults. Excluded are local public, private, and charter schools offering K through 12th grade education. 

  • Arts & Culture

    Organizations or activities that promote enjoyment or understanding of the visual, performing, folk, or media arts, communication organizations (film, video, publishing, journalism, radio, television), and organizations or activities that promote the appreciation or understanding of historical events. Included are services to artists, performers, entertainers, or writers, art and performing art schools, centers, studios, and historical societies and museums.

  • Public/Society Benefit

    Organizations or programs that contribute to the public good and benefit society including, but not limited to, the following sub-categories: Beautifying public spaces, civic organizations and institutions, community/neighborhood development and improvement, and philanthropy, voluntarism, and grant-making foundations.

Back to Top

Areas of Interest Not Funded:

  • Animals or Animal Organizations
  • Athletics, leisure, recreation
  • Environment
  • Areas considered government responsibility
  • Charter Schools
  • Private Schools
  • Frederick County Public Schools
  • Public safety, disaster preparedness, and relief
  • Political support
  • Grant requests less than $2,500

Back to Top

Further Guidelines

  • A limit of one application per year per organization may be approved.

Back to Top

How to Apply

  1. Contact Leigh Adams for a Cash-Flow Loan application packet. 
  2. Submit the loan application packet to Leigh Adams at Ausherman Family Foundation via email or fax to:  

    Leigh Adams, Director

    Ausherman Family Foundation

    7420 Hayward Road, Suite 203

    Frederick, MD  21702

    Email:  ladams@aushermanfamilyfoundation.org

    Fax:  301.663.8463

  3. The organization must provide extensive financial documentation with its loan application to verify its cash need.
  4. Applicants must sign the Ausherman Family Foundation’s Promissory Note.

Back to Top

Review Process

  • The Foundation staff reviews the loan applications to judge for completeness to ensure all relevant information is available for review.
  • When staff has received all completed application materials, a subcommittee of the Trustees reviews and approves loans to be given to qualifying organizations.  The subcommittee judges each organization on its own merits, with no award exceeding the requested amount.
  • Loan(s) approved by the subcommittee are brought to the full Board of Trustees, either at their next regularly scheduled meeting, a called special meeting, or in an emergency conference call, for a formal vote.
  • No member of the subcommittee shall investigate a loan request from an organization of which he or she is a board member.

Back to Top

Contact Information

If you have questions after reviewing the information above, please contact Leigh Adams, Director, by calling 301-620-4443 or emailing ladams@aushermanfamilyfoundation.org.

Back to Top