Working Capital Bridge Loan

From ArtsWave (Cincinnati Institute of Fine Arts)

ArtsWave aims to ensure everyone in Greater Cincinnati experiences the positive effects of the arts, which contribute to a more vibrant regional economy and more connected communities.

Type of Support

Overview

The Working Capital Bridge Loan aims to provide no-interest financial support specifically to small and mid-sized arts and cultural heritage organizations in Greater Cincinnati facing short-term cash flow challenges. Established with a private gift and expanded in 2009 with funds from the Weathering the Economic Storm Fund, a collaborative effort among Cincinnati funders, this program offers loans up to $10,000. These loans are to be interest-free and repaid within a 12-month period, with a repayment schedule that begins six months after receiving the loan. Organizations that fail to repay the loan on time will be ineligible for further support from ArtsWave for a year following repayment.

Eligibility

Organization's Location
USA
Program Location
IN (Dearborn County, Ohio County, Union County), KY (Boone County, Bracken County, Campbell County, Gallatin County, Grant County, Kenton County, Pendleton County), OH (Brown County, Butler County, Clermont County, Hamilton County, Warren County)
Organization Type
Organizations with IRS 501(c)(3) tax-exempt status for a minimum of three years
Organization Budget And Years
Organization's annual budget is less than 2M
Other
  • Primary mission to provide programs or activities in arts or cultural heritage for the general public
  • Based in the Cincinnati-Middletown, OH-KY-IN MSA, including specific counties in Ohio, Kentucky, and Indiana
  • Have at least one FTE of paid or contracted staff
  • Have received funding from ArtsWave in the past 3 years
  • Annual operating budget of less than $2M
  • Does not have an outstanding Working Capital Bridge loan or other overdue grant requirements

Ineligibility

Organizations that have submitted loan requests to ArtsWave for more than 3 consecutive years without proper justification from the organization’s leadership.
up to 10k

Submission

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