Create a Website Account - Manage notification subscriptions, save form progress and more.
As long as the agency can meet the County’s Financial Capacity Review as indicated above, there is no cap on outstanding loan requests.
Show All Answers
The New Capital Loan program was approved by the Board of County Commissioners on September 20, 2018. The revolving loan program will be funded with $500,000 and be a part of the County’s Community Loan Fund. The Community Loan Fund is an existing County revolving loan fund that could be expanded and capitalized further through our annual capital financing borrowings.
The proposed nonprofit capital timeline and process is similar to our current Outside Agency Operating Budget timeline and process as indicated below:
Yes, your organization must have received County operating funds as an Outside Agency for a minimum of three years to qualify for the new Capital Loan program.
Loan eligibility criteria:
The County’s Department of Finance and Administrative Services will need to review three years of audited financial statements to complete a Financial Capacity Review. County staff will further review four Key Performance Indicators (KPI) 1) Quick (Liquidity) Ratio 2) Debt Ratio 3) Expense Efficiency Ratio and 4) Operating Reserves ratio are often used by public, private entities and financial institutions to determine financial condition and ability to repay short and long-term obligations.
The program is not limited to bricks and mortar assets, furniture and fixtures, equipment and vehicles, with a useful life of 5 years and greater, are eligible for the Capital Loan Program.
There is no minimum amount. The maximum amount is $100,000.
One loan request which may include multiple items is accepted annually.
No, for a capital loan your agency must be located in Orange County.
Three Years of Audited Financial Statements by an Independent Certified Public Accounting firm.
The maturity terms are determined by the classification of the asset being financed as well as the loan amount.
You may email your questions regarding the Capital Loan program and policy to email@example.com to the attention of Finance Director Gary Donaldson and/or Budget Management Services Analyst/Outside Agency Manager, Allen Coleman.