Maryland Nonprofit Development Center Program and Funds - Nonprofit, Interest-Free Micro Bridge Loan Account (NIMBL)

NIMBL is an interest-free micro bridge loan program that provides short-term financing to small nonprofit organizations between the date a government grant or contract is awarded and when the funds are actually received. Loans of up to $25,000 cover operating expenses only and must be repaid no later than the date of the final government grant or contract payment to the nonprofit. The program is administered by the Maryland Department of Commerce and applications are reviewed on a first-come,...