No. However, you will likely incur legal costs for your attorney to review the loan documents. In most cases, nonprofits receive probono legal advice through their board or other sources, which should result in minimal or no out-of-pocket legal expenses.
When real property (i.e., land, buildings) is secured, the applicant typically pays expenses for title search, lender's title insurance policy and recording/filing of the deed of trust. When personal property is secured (i.e., equipment, other assets), the applicant typically pays the UCC (Uniform Commercial Code) filing fee.
Depending on the loan, MMT may elect to secure both real and personal property.
