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.