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Frequently Asked Questions

What is a typical loan size? 

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$50,000 - $200,000

 

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What is the interest rate and related fees on loans?

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As of January 2025, Sunlight is issuing loans at 6-8% annual interest, significantly below the rate typically available to startup nonprofits. Underwriting fees are currently 1-2%.

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Are loans personally guaranteed by Teacher Leaders?

 

No. Loans are guaranteed by the assets of the school (materials, furniture, etc.). Teacher Leaders will never be personally responsible to pay back a loan with their own assets.

Field of Flowers

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.

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To file a complaint of discrimination, write to:
U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employement Opportunity

1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.

De acuerdo a lo establecido por las leyes federales y las políticas del Departamento del Tesoro esta organización no puede discriminar por causa de raza, color, origen nacional, sexo, edad, o porque una persona tiene impedimentos.

 

Para presentar una queja sobre discriminación, escriba a:
U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employement Opportunity

1500 Pennsylvania Avenue, N.W., Washington, DC 20220; llame al (202) 622-1160; o envíe un correo electrónico a: crcomplaints@treasury.gov.

The Sunlight Loan Fund

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