NYC Bridge Funding for the Arts
In partnership with the Alliance of Resident Theatres/New York (“A.R.T./NY”), SeaChange has created NYC Bridge Funding for the Arts (“NYCBFA”): a fund to provide short-term bridge loans for New York City-based nonprofits arts and culture organizations. The 6- to 12-month term cash flow loans of up to $50,000 are available to A.R.T./NY member organizations for below-market interest rates of ~5-7% and a closing fee of 1% of the loan amount.
If you are interested in applying for a loan or learning more about the fund, you can find our inquiry/application form here.
Please feel free to contact NYCBFA@seachangecap.org with any questions.