The Prudential Loan Fund provides bridge loans to arts organizations funded by the Geraldine R. Dodge Foundation. Loans are meant to help organizations get through short-term budget gaps when expected revenues have not yet arrived.
If you are a Dodge arts organization interested in learning more about the Prudential Loan Fund, please read through the following steps. If you have any questions, please contact Richard Simon.
All prospective applicants are required to attend a Prudential Loan Clinic led by facilitator Hilda Polanco. Organizations planning to apply for funding that have not attended a clinic should contact Richard Simon.
You will need to complete and upload two financial worksheets with your application: a cash-flow projection and loan-readiness analysis.
Also, please be prepared to submit the following financial documents with your application:
Applicants who have met eligibility requirements, including attending the Prudential Loan Fund Clinic, may apply using the following link.
Dodge staff will review applications for completeness and correct supporting documents.
Foundation staff will contact the applicant if additional information or clarification. If the loan is approved, a loan documentation form will be sent to the applicant prior to the release of the funds.
Applications for the Prudential Loan Fund are now open and will close on June 14, 2019.
No workshops will be offered in this round of the Prudential Loan Fund but clinics remain a requirement for funding. Organizations interested in applying that have not attended a workshop in the past must contact Richard Simon to arrange for a one-on-one clinic with financial consultant Hilda Polanco.
Could your organization use a bridge loan? We compiled answers to some commonly asked questions to help your organization decide if the Prudential Loan Fund is right for you. Go to Frequently Asked Questions
Need help strengthening your Board? Struggling with your organization's communications? Dodge's Technical Assistance workshops are here to help you grow and thrive as a nonprofit organization.
Looking for a place to host a meeting or a workshop? Dodge has two conference rooms available to current grantees free of charge and to other groups for a modest fee.
Do you have a legal question? Qualifying nonprofit organizations can contact Pro Bono Partnership, a nonprofit legal assistance organization, for guidance on a range of legal matters without charge.