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OPEN ROAD ALLIANCE RESPONSE TO COVID-19

 

In this time of uncertainty, nonprofits and social enterprises are being hit hard. The effect of the COVID-19 pandemic on the impact sector has reached natural disaster proportions in its scope and scale, which means that the global need for our ‘emergency’ capital vastly outstrips our available resources. Given this reality, Open Road has decided to use their limited resources to best serve the sector with Charitable Grants and different type of Loans. Find more information about the opportunity here

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Specifications

Program website

https://openroadalliance.org/covid-19/

Type

COVID-19 Response
Debt Investing

Geographical Scope

Globally

Type of Cap Building

Financial Services

Funding / Investment / CapBuild type

Open Road offers four loan products to organizations affected by COVID-19:

  • Lost Event Revenue
  • Accelerating Incoming Emergency Funds
  • Co-investment to Support Social Enterprises
  • Deep Impact Loans

All loans will be subject to Open Road’s traditional criteria:

Open Road only makes a loan to an organization that is (1) otherwise fully funded, then (2) hit an unexpected, external roadblock (i.e., COVID-19), where (3) Open Road’s loan can fully solve the problem at hand and (4) demonstrate the potential to create catalytic impact. In this time of exceptional need, Open Road will be prioritizing impact. 

Please note that Open Road Alliance is now returning to its original criteria, pre-COVID, for charitable grant applications. 

Contact information

Last update

Date

01-07-2020

Status

Not Accepting Applications

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