Public broadcasters must move aggressively in buying stations and keep their production facilities current, and that requires significant debt capital. The Public Radio Fund makes loans in four categories:
- Loans for Station Acquisition are a critical piece to public radio's future. North Texas Public Broadcasting (KERA) is using a Public Radio Fund acquisition loan as part of a financing package to realize an $18 million new frequency acquisition. A new music format will complement KERA's news and information station and reach a population of more than 5 million in the Dallas Fort Worth area, helping to bring a younger and more diverse audience into the public radio fold.
- Loans may fund a Debt Reserve Pool for Acquisition of FCC Licenses. The Fund's first loan helped Wasatch Public Media acquire KCPW-FM, a primary source of independent news and analysis in Salt Lake City, Utah.
- Short Term Loans are available for up to two years to help finance early stage growth while expanding audiences assure that long term revenue sources are being developed.
- Bridge Loans of up to one year provide financing in anticipation of capital campaign commitments or other funding strategies yet to be realized.