Question 1

How are loans from the Fountain Fund used?

Accepted Answer

The Fountain Fund provides low-interest loans to formerly incarcerated people who identify areas where a loan would help to provide the elevation they need.
 
Examples of loan fund uses include:
Repay court-imposed fees, costs, or other obligations,
Purchase specialized equipment necessary for particular jobs,
Start small businesses,
Purchase an automobile,
First month’s rent and deposit to secure stable housing

Question 2

How do I know if I'm eligible?

Accepted Answer

To be considered for a loan, applicants must show the following:
A record of past incarceration,
Ability to pay back the loan, and 
A potential elevation in their personal circumstances as a result of the loan.  
 
The Fountain Fund does not discriminate based on type of conviction or length of incarceration.

Question 3

How much can I borrow?

Accepted Answer

The Fund’s loans have ranged from as little as $250 to as much as $15,000. Loan amounts are determined on a case-by-case basis with the goal of setting up our Client Partners for success.
 
We typically offer our loans for a 3-year term at a low 5.0% interest rate. We have an incentive that provides a 3.0% interested rate for Automatic Clearing House (ACH) participation, which automatically withdraws funds from a checking account.

Question 4

Can you help me consolidate debt?

Accepted Answer

No, the Fountain Fund does not provide assistance with debt consolidation.

Question 5

How can I get started with loan application process?

Accepted Answer

Please complete our online form to make sure you’re eligible. Once your information has been reviewed, a staff member will be in touch to start the process.

Question 6

How can I or my company support this effort financially?

Accepted Answer

You can make an individual or recurring donation or contact us if your company or organization would like to participate on a larger scale.

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