The COVID-19 pandemic and related economic shutdowns present unprecedented challenges and pose near- and long-term financial hardship to LGBTQ community nonprofits throughout the SF Bay Area and the nation. In response to these challenges, the Horizons-Dorian Loan Fund is making available up to $300,000 in 0% interest loans to eligible LGBTQ nonprofits.
Horizons is grateful to the Dorian Fund and its trustees for their generous support of this fund.
The Horizons-Dorian Loan Fund is offering five different types of 0% interest loans with deferred payments for up to six months to LGBTQ-serving organizations in the nine counties of the SF Bay Area.
Bridge Loan
Funding to bridge federal, state, city, stimulus funding, or foundation grant related to COVID-19
Guaranteed loan
Funding guaranteed by third party and/or collateral
Fundraising Event Revenue Loan
Operating loan to organizations scheduling an online or in-person fundraising event to take place before 6/30/21
Ticketed Revenue Loan
Operating loan to organizations scheduling ticketed event or season (e.g., theatre, play, concert) to take place before 6/30/21
Critical Impact Loan
Operating loan to organizations responding to the COVID-19 pandemic
Eligibility
Please note that Horizons cannot make loans to individuals.
Required Documents
Bridge Loan | Guaranteed Loan | Fundraising Event Revenue Loan | Ticketed Revenue Loan | Critical Impact Loan |
|---|---|---|---|---|
Letter of guarantee from funder/Funding notification letter | If using collateral to guarantee the loan, upload email/letter describing collateral | Confirmation from venue for in-person event or on-line platform for virtual event | Confirmed date(s) with appropriate ticketed event/season information | Demonstrate the delivery of critical COVID-19 related services to the LGBTQ community, especially those in vulnerable and underserved parts of the community |
| If using third-party guarantor, upload guarantor letter/email that includes organization's name and address, guarantee/loan amount, name of guarantor and relationship to org, date, and any conditions of the guarantee | Proof of previous, similar, successful fundraising events in the last three years and corresponding revenue | Proof of previous, similar, successful ticketed event/season in the last three years and corresponding revenue | Demonstrate the organization’s type of service and impact to the LGBTQ community |
Application Process
1. Contact Us and Learn More
If you think your organization might benefit from a loan and meets the general criteria described here, first read our FAQ to learn more. Then, please contact Francisco Buchting, Horizons’ VP of Grants, Programs, and Communications, at loans [at] horizonsfoundation.org to set up a meeting to see whether the COVID-19 loan program is a good fit for your organization and discuss possible loan submission.
2. Submit application and required documents
Upon being invited to submit, you can complete your loan application using the digital form below. Select the type of loan and complete the qualifying questions to view the remainder of the application questions at once.
You'll be asked to upload all required documents. Among these is the cashflow statement. Watch this video to learn how to complete the cashflow statement.
3. Application review and notification
Once submitted, the loan application is reviewed for completeness and any additional documentation or clarification is obtained before submission is acknowledged as complete.
Depending on the type of loan, the loan review process can take between 14 and 21 days after the application submission is confirmed as complete.
Once the review process is done, the applicant is then notified if the loan has been approved. If the application is approved, the terms of the loan are clarified and the loan agreement is drawn for signature. When the fully executed loan agreement is received, the funds are released.
