NFF believes in a clear borrowing process so you can stay up to date and our team has the right details every step of the way. Below are a few key milestones. You can also download our Borrowing Process PDF with a comprehensive overview of each step.
- Loan Inquiry: Submit a brief inquiry form as a first step. If your request seems like a potential fit for one of our loan products, we will schedule an introductory call with you.
- Due Diligence: NFF will request materials to confirm we have a loan product that fits your needs, and an underwriter will reach out to learn more about your organization’s operations, finances, and proposed use of funds.
- Term Sheet: You will receive a Term Sheet outlining the basic terms and conditions of a loan NFF could offer.
- Credit Analysis and Decision: NFF conducts a credit analysis and gets formal approval of the loan. Once approved, we send a commitment letter outlining the final terms and conditions of the loan.
- Loan Agreement: When all legal documents are signed and conditions have been met, funds are disbursed as outlined in our loan agreement, and you can go do the work you do best!
Borrowing Process
Get more details about the borrowing process.