Bridge Financing is sponsored by Craft3. Offers short-term capital to nonprofits and businesses awaiting longer-term funding, such as grants or contract payments, to cover expenses or complete projects.

Bridge Loans: Finance Funding Gaps for Nonprofits | Craft3 If you need short-term capital to help cover expenses or complete projects while awaiting longer-term funding such as grants, reimbursements, or contract payments, bridge financing may help. Craft3 offers experience, creativity, and partnership.

Nonprofits & Businesses in Oregon & Washington Businesses and nonprofits who have a transformative opportunity but need short-term financing Nonprofits looking to bridge grant funding, government reimbursements, or a capital campaign Businesses looking to bridge inventory costs, reimbursements, or other payments Take on new contracts and grow Flexible capital to bridge a financing gap Borrow up to $4,000,000 or more Specialized terms to match your needs Terms up to 24 months to match your funding gap High loan-to-value financing available Special rates may be available for conservation bridge financing .

Fixed rates from 7. 00% to 9.

00%* Loan origination fee of 2% of loan total plus closing costs Fees for nonprofits are 1% plus closing costs $650 plus any third-party fees for appraisal, legal, etc Typically up to 24 months to match your funding gap Normal principal and interest payments each month Interest-only payments may be available for the term of the loan, depending on the timing of the bridge funding Craft3 supports entrepreneurs at every step of the loan application process.

Note that obtaining a business loan is a more involved and lengthier process than taking out a home mortgage. Loans up to $250,000 can be funded as fast as 30 days. Larger loans typically take longer.

When you’re ready to apply, complete this online form to help us learn about you and your business. If it looks like a potential fit, a Craft3 lender will reach out to talk with you about your business plan, uses of funds and collateral. A Craft3 lender will invite you to apply and help you complete your loan application package.

We will review your application and give your request the careful attention it deserves. NOTE: Review usually takes 1-2 weeks, although it can be shorter or longer depending on the size and complexity of the request. Securely sign your electronic loan documents.

By request, document signing is also available by mail. Start The Financing Process Watch & Learn: Craft3's Loan Inquiry Process 1. The First Step of Financing with Craft3 What's the first step of inquiring about a loan with Craft3?

Learn about what we ask for in our loan inquiry form, as well as the basic qualifications for funding. 2. After You Submit a Loan Inquiry Form What happens after you submit a loan inquiry form?

If we think you might be a good fit, our team will reach out to schedule an intake call. Learn what the intake call entails and what we typically ask. 3.

Preparing for an Intake Call How can you best prepare for an intake call? Learn some of the topics we'll cover in an intake call and what we like and don't like to hear. 4.

Next Steps After the Intake Call What happens after the intake call? Learn what happens if you're a good fit for financing; if you're a good fit and almost ready for financing; and if you're not a good fit or not ready for financing yet. We consider your whole story, not just your credit score.

Work with a real person who understands your community. We connect you with tools and resources, not just a loan. Every loan helps grow a more inclusive economy.

“It’s been fantastic working with Craft3. We were having a difficult time due to the delayed funding. I didn’t even think about a bridge loan until the Oregon Community Foundation recommended Craft3.

Then everything was straightforward and easy. Getting that loan saved us. ” Painted Sky Center for the Arts Looking for more information?

We support entrepreneurs of all stages of the business journey and offer resources to help you learn, grow, and better understand your financing options. Stay up to date with Craft3 news. We'll share customer stories, updates, resources, and more.

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Timely bridge financing can enable nonprofits to get started on projects – or to take advantage of an opportunity – before a capital campaign is complete or grant funding has been received. The Definitive Guide to Getting Loan Ready We want to make the loan process as clear and transparent as possible. Here are some resources to support business preparation and growth.

Conservation Financing in the PNW See how Craft3's innovative financing is empowering land trusts and Tribes to tackle climate change and inequity through landscape-scale conservation in the Pacific Northwest. Real People. Real Impact.

See how Craft3 financing is helping business owners, homeowners, and communities thrive across Oregon and Washington. Be inspired—your story could be next. Get Ready with Confidence Check out our free guide to prepare your business for financing—no guesswork, just practical steps.

Whether you're just starting out or ready to grow, this resource will set you up for success. Ready to take the next step?