The Public Radio Fund is currently accepting loan applications from licensees and prospective licensees of noncommercial, educational radio stations. The Fund uses assets you already own, or will be acquiring, as collateral. After an application review and formal credit assessment, we will notify you with our decision; approximate application processing time may take between 20-30 business days.
What type of loan is right for you?
Short Term Loans - 6-24 months, $100,000 to $500,000. For a wide variety of operational needs, such as a deposit for an acquisition, an investment in new programming, seed money for operational improvements, coverage for a reduction in institutional support or funds to jump start a capital campaign.
Bridge Loans - 6-12 months, $500,000 to $3,000,000.
Temporary financing to close an acquisition or equipment purchase when permanent financing has been identified, but is not in place at time of closing.
Debt Reserve Pool for Acquisition Loans - 1-5 years, $500,000 to $2,000,000. Leverages and helps secure the ultimate financing for an acquisition. The debt reserve pool typically amounts to 12-24 months of debt service payments and will be held as a portion of the financing’s collateral package.
Station Acquisition Loans - 1-5 years, $500,000 to $2,000,000. When no permanent financing is in place, this loan is used to acquire a broadcast station.