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CIG Grant and Loan Program (CGLP)

Grants and Loans to USA Community Organizations to Mitigate the
Negative Economic Impact of the Coronavirus (COVID-19) Pandemic

Agency Type:

Foundation / Corporation

Funding Source:

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CIG Capital (CIG CAP)

Deadline Date:

08/01/20

Description:

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Grants and loans to USA community organizations to mitigate the negative economic impact of the Coronavirus (COVID-19) pandemic. Funding is intended for financial assistance in eligible project areas, including but not limited to, real estate, hospitality, health care, government operations, infrastructure, both commercial and government-related projects. This program is more in line for those groups that have Credit Enhancements but need support for their projects to get through during these times.

Minimum Requirements:

  • Government Projects: Projects either commercial or government-related both of a total of $250,000,000 of projects and a minimum of $500,000,000 in value credit enhancement(s). Credit Enhancements: Surety bonds, Wrapped Securities, Standby Letter of Credit, Cash collateral Account, Leveraged Portfolio, Credit and Wrapped Hard and In-ground Assets.
  • Commercial Projects: Projects solely for profit and not related or part of any government entity. A minimum of $500,000,000. of projects and a minimum of $1,000,000,000 in value credit enhancement(s).

With this model CIG Capital can fund up to the approved valued; typically, 60%-80% of the Credit Enhancement value. Half of the loan will be a non-recourse loan (Grant) for the organization and its projects.

GrantWatch ID#:

GrantWatch ID#: 189734

Additional Eligibility Criteria:

The goal of the program is to provide financial assistance for community organizations.

Pre-Application Information:

Timeline:
- Program is currently available between May 1st – August 1st.
- Approvals as fast as 1 week.
- Loan closing within 30 days.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Contact CIG Capital to apply:
info@cigcap.com
877-594-8891

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

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