Metropolitan Atlanta Arts Fund

Overview | Eligibility & Process | Sample Loans | FAQs

The Arts Loan Fund helps arts organizations to meet short term capital needs by providing loans. It enhances their financial literacy and strengthens financial planning skills. The Loan Fund allows organizations to weather times of short-term cash crisis, seize immediate growth opportunities that require some investment or maintain steady operations while waiting for pledged public or private grant funds or other verifiable sources of funds to come in. Because of its year-round accessibility and quick approval process, it serves as a valuable source of alternative short-term financing for organizations that typically juggle cyclical grant payments and seasonal ticket sales.

How It Works
Organizations with three years' operating experience or more can apply for loans to meet their need for short-term liquidity without sacrificing long-term capital investments.

Each applicant is required to secure its loan with a verifiable source of funds for repayment. (see examples)
Loans have a maximum term of 12 months and offer market interest rates, typically prime plus 2%.

The Community Foundation for Greater Atlanta with the Arts Fund created the Arts Loan Fund in 2003 to provide loan financing for small and medium-sized art groups in metro Atlanta awaiting payment of an approved government contract or a foundation grant. Seeking to expand and build upon the Metropolitan Atlanta Arts Fund's mission as a stabilization force, the Arts Loan Fund has broadened the definition of acceptable sources of repayment for a subset of its capital. The Arts Loan Fund is a program of The Community Foundation for Greater Atlanta. SunTrust Bank, ING Foundation, Wachovia Bank and Bank of America sponsor the operations of the Arts Loan Fund.

Arts Loan Fund Advisory Committee

Quanda M. Allen	Bank of America
Candace Bell	SunTrust Bank
Lisa Cremin	Metropolitan Atlanta Arts Fund
Chris Manos	Theatre of the Stars
Sam Moss	Gray Matters Capital
David Thomas	Art Station
Raye Varney	Theatre in the Square
Che Watkins	Metro Atlanta Chamber of Commerce

Learn More About The Loan Fund:

Eligibility & Process
Frequently Asked Questions

ROLLING DEADLINE
Applications to the Loan Fund are evaluated as they are received. In most cases, applicants will be notified within two weeks.

Application Downloads
1. Loan Fund Application (Word)
2. Loan Fund Application Guide (PDF)

Supplemental Downloads
1. Sample Note & Security Agreement (PDF)
2. Resolution Of The Board of Directors - Standard (Word)
3. Resolution Of The Board of Directors - Pre-Approved (Word)
4. Cash Flow Worksheet (Excel)
5. Cash Flow Worksheet (Word)

Questions? Contact Sandy Kring at: artsloanfund@atlcf.org