Flexible capital paired with targeted capacity building.

RIIF offers term loans, bridge loans, and lines of credit ranging from $100,000 to $1 million, with flexibility to respond to borrower capital needs. Loan fees and pricing include discounts for entrepreneurs of color and those with similar lived expertise to the people they employ.

Loan Due Diligence Process

Lines of Credit

A line of credit is a useful financing tool for businesses that experience cash flow timing challenges — like waiting for outstanding receivables when big expenses like payroll are due.

  • Loan size: $100,000 – $1 million; smaller or larger requests are reviewed on a case-by-case basis
  • Term: 12 months with potential for renewal
  • Origination fee: Loans >$200k: 1.0-1.25% of total loan amount; Loans <$200k: $2,500
  • Interest rates typically: 6.75-7.75%
  • 15-day zero balance “clean up” period during term is required
  • Monthly draws: draws determined by a borrowing base of eligible receivables
  • Collateral: Lien on business assets
  • No Prepayment Penalties
  • 12-month cash flow projections required, includIng anticipated draw and pay down schedule (RIIF can provide a template if needed.)
  • Accounts receivable aging reports
  • Due diligence on contracting, billing, and collections processes and time frames
  • Key contract reviews

Bridge Loans

A bridge loan allows businesses to pay for upfront costs needed to grow and scale, while awaiting receipt of a committed source of funding, such as a government contract, grant, or funder pledge.

  • Loan size: $100,000 – $1 million; smaller or larger requests are reviewed on a case-by-case basis
  • Term: Typically 3-6 months
  • Interest rates typically: 6.75- 7.75%
  • Origination fees: Loans >$200k: 1.0-1.25% of total loan amount; Loans<$200k: $2,500
  • Collateral: Lien on business assets
  • Repayment source: Must be secured/committed
  • No Prepayment Penalties
  • Due diligence performed on the committed funding source
  • Review of project for which funds will be used
  • Other standard requirements, ex. financial analysis to verify secondary source of repayment

Working Capital Loans

A working capital loan is a useful tool for growing businesses, providing the capital to hire new staff, acquire equipment, perform leasehold improvements, purchase inventory, and move forward with other expansion needs.

  • Loan size: $100,000 – $1 million; smaller or larger requests are reviewed on a case-by-case basis
  • Term: 2-7 years with potential for an interest-only period
  • Interest rates typically: 6.75-7.75%
  • Repayment source: Projected cash flow from operations
  • Collateral: Lien on business assets
  • Origination fees: Loans >$200k: 1.0-1.25% of total loan amount; Loans <$200k: $2,500
  • No Prepayment Penalties
  • 3-7 year cash flow projections with detailed growth assumptions required (RIIF can provide a template if needed.)
  • Review of all applicable project sources (fundraising campaign, equity, etc.), detailed description of the project for which funds will be used, and explanation of how the loan proceeds will contribute to growth
  • Other standard requirements, ex. financial analysis to verify secondary source of repayment