Dodge arts grantees with short-term cash-flow gaps that meet the eligibility requirements below are invited to apply for zero-interest, no-fee loans through the Prudential Loan Fund. 

UPCOMING DEADLINES

In 2020, the next application deadline for the Prudential Loan Fund is: 

• August. 14, 2020

PRUDENTIAL LOAN CLINIC

All prospective applicants who have not attended a workshop in the past three years are required to attend a Prudential Loan Info Session led by facilitator Hilda Polanco, founder and CEO of FMA Associates. 
 

ELIGIBILITY 

Only organizations that meet the following criteria may apply for a loan:

• Dodge Foundation Arts or Education grantee
• An annual budget of $1 million or less

• NJ State Council on the Arts funding or any state, federal, or local contracts  (CDBG, school, etc)
• Attendance at Prudential Loan Info Session workshop

APPLICATION REQUIREMENTS

Required documents include:

• Brief narrative describing how loan will be used
• 2019 NJSCA grant award letter
• Board authorization of loan application
• Most recent audit and/or 990
• One-year cash flow analysis out from July 1, 2020
• COVID-19 financial contingency plan(s) if available.