CBFC Emergency Fund for Lending Partners
The Otto Bremer Trust (OBT) has established a $50 million emergency fund through its Community Benefit Financial Company (CBFC) subsidiary to provide financial support to Minnesota, Wisconsin, North Dakota, and Montana nonprofits and other community organizations impacted by and responding to the challenges presented by the events of the last several months.
This page provides information for CDFIs, CDCs, and other lenders interested in partnering with CBFC in this important work. If you are a nonprofit organization seeking direct emergency funding, please visit CBFC Emergency Fund for Nonprofits.
While all CDFIs, CDCs, and other lenders in Minnesota, Wisconsin, North Dakota, and Montana are welcome to apply to be an intermediary, under IRS regulations, the use of funding must advance the charitable objectives of the Otto Bremer Trust. An application does not guarantee funding; applications will be evaluated on a case-by-case basis.
The first step in the application process is to submit an initial inquiry. This brief questionnaire will provide CBFC with information about your organization including location, populations served, and high-level financial data.
If your organization is selected for further consideration, CBFC will email you with further application instructions. CBFC will make funding decisions on a rolling basis and will provide funds as soon as practicable following the execution of a loan or grant agreement.
Submit your initial inquiry here.
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