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Find similar grantsApplications are reviewed first-come, first-served with no fixed deadline; nonprofits email to request an application.
Nonprofit Bridge Loan Program is sponsored by Maryland Department of Commerce. Provides interest-free loans to Maryland-based nonprofits awaiting government grant or contract payments.
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Maryland Nonprofit, Interest-Free, Micro Bridge Loan Account (NIMBL) Turn on more accessible mode Turn off more accessible mode Our Alert Agency Alert will go here Maryland Nonprofit, Interest-Free, Micro Bridge Loan Account (NIMBL) Maryland-Nonprofit-Development-Center-Program-Fund-Nonprofit,-Interest-Free,-Micro-Bridge-Loan-Account-(NIMBL) Maryland Nonprofit Interest-Free, Micro Bridge Loan Account (NIMBL) Annual Report 2025 Maryland Nonprofit, Interest-Free, Micro Bridge Loan Account (NIMBL) Report 2023 Maryland Nonprofits Accelerator General Back Office Services Maryland Nonprofit, Interest-Free, Micro Bridge Loan Account (NIMBL) This interest-free, micro bridge loan program and fund supports the operations of nonprofit entities.
The program is administered by the Maryland Department of Commerce ("Commerce"). Watch the video below to learn more about the program and meet recipients of the financing. The program provides short-term financing support to qualifying nonprofit entities between the award date of a government contract and the actual receipt date of those awarded funds.
A "Qualifying Nonprofit entity" means a Nonprofit entity that: has annual revenues not greater than $750,000; has been in existence for not more than 10 years; and the principal purpose is providing health, education, environmental, agricultural, or social services through community-based programs.
Nonprofits receiving NIMBL funding must be located in the State and determined by the Internal Revenue Service to be exempt from taxation under Section 501(c) (3), (4), or (6) under the Internal Revenue Code. Nonprofit entity must provide written confirmation from the government entity of funding from government grants or contracts but have not yet received funding. Loans cannot exceed $25,000.
Repayment of the Loan must be no later than the date of the final grant or contract payment to the nonprofit entity. Loan funds may be used for operating expenses only. Eligible nonprofits should submit a request for an application to [email protected] .
A member of the Commerce team will respond to your inquiry in a timely manner. Applications are reviewed on a first-come, first-served basis.
They must include the following documents and information: IR S Determination Letter Good Standing Certificate from the Maryland Department of Assessments and Taxation and the Maryland Secretary of State Articles of Incorporation & By-Laws Written confirmation of funding from awarding government or contract entity Current Fiscal Year Budget Most Recent Annual Report & Financial Statements Fully executed copy of the Government Grant or contract Electronic Funds Transfer (EFT) Program The state of Maryland requires all contractors to be registered to receive state payments by electronic funds transfer (EFT) before any contract exceeding $200,000 is approved by the Maryland Board of Public Works.
Additionally, all vendors are encouraged to register to be paid electronically. The State has the ability to process vendor payments electronically using the CCD and CCD+ and CTX payment formats. The CCD+ payment format will contain summarized information and will not provide details concerning each invoice amount included in the check total.
However, vendors may obtain the detailed information on an electronic payment via the One Stop Vendor Payment Inquiry System. The CTX payment format will contain the total payment amount and details concerning each invoice amount included in the check total. Vendors must contact their bank in order to receive the CTX format, and the depositing bank may charge a fee for this format.
Vendors need to discuss potential charges with their bank. If you want to receive all payments from the State using the Electronic Funds Transfer program, complete and submit form GADX-10 (fax or mail.) General Accounting Division To learn more about NIMBL, send your inquiry to [email protected] .
A member of the Comm erce team will respond to your inquiry in a timely ma nn er.
According to the current listing, eligibility includes: Maryland-based 501(c)(3), (4), or (6) nonprofits with annual revenues not exceeding $750,000, in existence 10 years or less, focused on health, education, environmental, agricultural, or social services, and holding an active government grant or contract. Confirm the full requirements in the official notice before applying.
The current listing shows up to $25,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Nonprofit Bridge Loan Program is funded by Maryland Department of Commerce. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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