3. What is the timeline for applying for a County capital loan?

The proposed nonprofit capital timeline and process is similar to our current Outside Agency Operating Budget timeline and process as indicated below:

October / November
Outside Agency Prepares Capital Request
November 30
Capital Loan Requests Due to the County Manager and Finance and Administrative Services
December - March
Request Review and Outside Agency Presentations to the County Manager and respective staff
Capital Loan Approval by the Board
Loan Agreements Executed

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1. 1. What is the New Capital Loan Program available for Nonprofit/Outside Agencies?
2. 2. What is the County’s Capital Funding Policy for Nonprofits?
3. 3. What is the timeline for applying for a County capital loan?
4. 4. Do I need to be a currently County funded Nonprofit (Outside Agency) to qualify for this new Capital Loan program?
5. 5. What are the other loan eligibility criteria?
6. 6. What is reviewed in the Financial Capacity Review?
7. 7. Does the Capital Loan Program only apply to building/renovation expenses?
8. 8. What is the minimum and maximum allowable amount for loan applications?
9. 9. How many loan requests may an agency submit in the same fiscal year?
10. 10. How many loan applications can an agency have open at one-time meaning can loans overlap – or is there a maximum number of loans an agency can have open?
11. 11. Our agency is located outside of Orange County but we serve Orange County residents – do I qualify for the Capital Loan Program?
12. 12. What are the required financial documents for a capital loan request?
13. 13. What are the payoff terms?
14. 14. Who should I contact if I have any questions regarding the Capital Loan Program?