At a glance
From its website, read 2 Nov 2026Propel Nonprofits is a loan fund based in Minneapolis, Minnesota. Its website describes microloans and nonprofit facility loans. Stated loan amounts run from $5,000 to $2M. Where it lends: Nonprofits in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota and Native nations sharing this geography. It serves borrowers in Spanish, Hmong and Somali.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.propelnonprofits.org |
|---|---|
| Office (official list) | 1 SE Main ST, STE 600, Minneapolis, MN 55414 |
What their website says about applying
Our team is available to help you start the application process for a loan, and to answer questions about your capital needs.
sourceTo start a loan application, reach out to one of them today.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 17 Sep 2013 |
| RSSD ID | — (none listed) |
| Address | 1 SE Main ST, STE 600, Minneapolis, MN 55414 Directions (Google Maps) |
| Website | www.propelnonprofits.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Working capital loans are described on the lending page but do not map to a directory product, so they are omitted. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | $5,000 – $50,000 | Loans ranging from $5,000 to $50,000 with a maximum repayment period of 3 years. | source |
| Nonprofit / community facility loans | — | Our community facility loans could be used to support a short-term project like building improvements, repairs, or equipment purchases. | source |
Loan sizes
Loans ranging from $5,000 to $50,000 with a maximum repayment period of 3 years.
source$50,000 to $2 million
source$20,000 to $600,000
source
Range used for the size filter: $5,000 to $2M
Service area
Nonprofits in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota and Native nations sharing this geography
A 501(c)(3) nonprofit organization in Minnesota and the adjacent states of Wisconsin, Iowa, North Dakota and South Dakota, and Native nations sharing this geography are eligible to apply.
source
Borrower focus
- Minority / BIPOC
Community Facility Acquisition, Improvement, and Expansion for BIPOC-led nonprofits
source - Nonprofits
A 501(c)(3) nonprofit organization in Minnesota and the adjacent states of Wisconsin, Iowa, North Dakota and South Dakota, and Native nations sharing this geography are eligible to apply.
source
Languages
- Spanish
ATENCIÓN: Si usted habla español, hay servicios de asistencia lingüística gratuitos a su disposición.
source - Hmong
Lug tshaaj tawm: Yoj has tas koj has lug Hmong, hab xaav tau kev paab txhais lug.
source - Somali
Ogeysiis hadii aad u baahantahay in lagaa caawiyo xaga turjumaanka ee luqada Somaliga
source
Online application
No online application link found on the pages we read.
Pages read (7)
- https://propelnonprofits.org/
- https://propelnonprofits.org/services/accounting-finance/nonprofit-accounting-tools/
- https://propelnonprofits.org/services/accounting-finance/nonprofit-accounting-helpline/
- https://propelnonprofits.org/services/accounting-finance/nonprofit-accounting-bookkeeping-referrals/
- https://propelnonprofits.org/services/lending/
- https://propelnonprofits.org/services/accounting-finance/
- https://propelnonprofits.org/trainings/training/fundamentals-of-nonprofit-finance-14/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What interest rate and fees should I expect on your microloans and nonprofit facility loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$17.5 million in 15 awards from the U.S. Treasury's CDFI Fund, 2002–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $800,000 |
| 2022 | CDFI Equitable Recovery Program | $4,957,678 |
| 2022 | CDFI Program, Financial Assistance | $640,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2020 | CDFI Program, Financial Assistance | $557,000 |
| 2019 | CDFI Program, Financial Assistance | $565,000 |
| 2018 | CDFI Program, Financial Assistance | $700,000 |
| 2017 | CDFI Program, Financial Assistance | $776,500 |
| 2016 | CDFI Program, Financial Assistance | $1,750,000 |
| 2013 | CDFI Program, Technical Assistance | $60,147 |
| 2012 | CDFI Program, Financial Assistance | $1,453,806 |
| 2011 | CDFI Program, Financial Assistance | $1,500,000 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2008 | CDFI Program, Financial Assistance | $1,089,956 |
| 2002 | CDFI Program, Technical Assistance | $35,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Mar 2024| Total assets | $49.9M |
|---|---|
| Total liabilities | $33.3M |
| Net assets | $16.7M |
| Total revenue | $8.6M |
| Notes and loans receivable, net (Part X line 7) | $33.4M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending March 2024 (tax year 2023; EIN 41-1916337, filed as “PROPEL NONPROFITS”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Mar 2021 (990) | $39.9M | $15.1M | $7.7M | $23.5M |
| Mar 2022 (990) | $49.6M | $21.2M | $14.5M | $27.4M |
| Mar 2023 (990) | $44.3M | $18.2M | $9.3M | $29.3M |
| Mar 2024 (990) | $49.9M | $16.7M | $8.6M | $33.4M |
Total assets grew 25% from Mar 2021 to Mar 2024; notes and loans receivable rose 42%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $2M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 79% of these 184. |
| Total assets, latest IRS Form 990 | $49.9M | Larger than 74% of the 19 other certified loan funds and venture funds in Minnesota with a matched Form 990 (median $20.5M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 79% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Minnesota | 19 | larger than 74% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Minneapolis and Minnesota
- African Development CenterLoan fund · Minneapolis, MNMicroloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Community Reinvestment Fund, IncLoan fund · Minneapolis, MNSmall-business loansVerified
- First Children's FinanceLoan fund · Minneapolis, MNChild-care facility financing, Small-business loansVerified
- Metropolitan Consortium of Community DevelopersLoan fund · Minneapolis, MNCommercial real estate loans, Credit-builder loans, Small-business loansVerified
- Metropolitan Economic Development AssociationLoan fund · Minneapolis, MNCommercial real estate loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Mni Sota FundLoan fund · Minneapolis, MN · Native CDFICredit-builder loans, Personal / consumer loans, Small-business loansVerified
- The Sunlight Loan Fund, LLCLoan fund · Minneapolis, MNChild-care facility financingVerified
Work at Propel Nonprofits? Link to this page
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