Vandal Strategic Loan Fund
The VSLF is an internal loan process which enables university units to make key purchases or investments that will either move programs or initiatives forward or will result in significant real cost savings.
These loans will be for relatively short periods (maximum payback of 3 years) and will carry a 2.5% interest rate. The loans are backed by the collective fund balances of hundreds of university cash accounts much as credit union loans are backed by the collective value of individual depositor accounts. As is the case with external loans, the VSLF application must indicate a revenue source that will be used to pay back the loans in the designated time frame.
Please see the program policy document for additional details regarding the program. If you wish to apply for a Vandal Strategic Loan please complete the loan application which may be submitted at any time. Your application materials along with any requests for exceptions to any portion of the VSLF policy should be submitted to the VSLF Loan Committee Chair, Trina Mahoney at [email protected].
Please feel free to contact us with any questions regarding the VSLF, the loan process or the loan criteria.