ImpactAlpha, January 7 – The Nonprofit Finance Fund, which provides debt capital to nonprofit organizations, has extended a $4 million loan to TechSoup.
TechSoup helps nonprofits and charities acquire hardware and software they need to bolster their operations and programs. The San Francisco-based organization claims to have helped more than a million organizations secure nearly $2 billion worth of donated or discounted technology.
The loan is NFF’s second to the organization, having first extended TechSoup a line of credit in 2004.
In addition to raising capital from NFF, TechSoup has initiated a Direct Public Offering via impact investing platform SVX.US. The offering allows TechSoup to raise capital directly from individuals, who can pledge as little as $50.