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Overview The Los Angeles Arts Loan Fund was established in 2005 in response to the demonstrated cash flow needs of independent artists and local nonprofit arts organizations. While large nonprofit institutions and businesses can use commercial lenders, individual artists and community arts groups generally cannot draw upon such resources or may have to pay unacceptably high interest rates to do so. The Arts Loan Fund works to fill this gap and to provide a useful financial tool for individual artists and small and mid-sized arts organizations. The Loan Fund is independently funded by a consortium of foundations, corporations and governmental agencies including: Annenberg Foundation, the James Irvine Foundation, Getty Foundation, Ahmanson Foundation, Boeing Foundation, Sony Pictures, Durfee Foundation, City of Los Angeles Cultural Affairs Department and the Los Angeles County Arts Commission. Mission The Los Angeles Arts Loan Fund is dedicated to supporting the capital and operating needs of Los Angeles area nonprofit arts organizations and individual artists. The Center for Nonprofit Management (CNM) will direct lending to nonprofit arts organizations and the Center for Cultural Innovation (CCI) will direct lending to individual artists. Loans will be processed and approved by Valley Economic Development Corporation (VEDC). Types of Loans The Arts Loan Fund will assist both nonprofit arts organizations and individual artists by offering a variety of financing products including: • Bridge loans secured by government contracts and foundations grants; • Performance loans against projected sales or benefit income; and • Enterprise loans to pursue capacity building or project-specific opportunities. For further information on loan applications, financing guidelines, or business development assistance, please contact the following: |
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Arts
Organization Loan Guidelines Center for Nonprofit Management 1000 N. Alameda St., Suite 250 Los Angeles, CA 90012 Contact: Bruce Rosen Phone: (213) 687-9511 Fax: (213) 687-7159 Email: brosen@cnmsocal.org Website: www.cnmsocal.org back to top of page |
Individual
Artist Loan Guidelines Center for Cultural Innovation 244 S. San Pedro St. Suite 401 Los Angeles, CA 90012 Contact: Allison Sampson Phone: (213) 687-8577 Fax: (213) 687-8578 Email: loans@cciarts.org Website: www.cciarts.org |
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