When you are looking for federal grants or information on tax exemptions for your nonprofit, you can find plenty of help. However, if you are looking for finance for your nonprofit, advice and resources can be pretty scarce.
The truth is that finance for your nonprofit can be hard to come by. Thankfully, you do have options, but it is vital for the future of your nonprofit organization to make the right choice.
The Importance of Nonprofits
Many people are quick to give a donation of money or goods to a nonprofit. Then, they are quick to forget about them until the next fundraising drive. Nonetheless, the American economy and society is dependent on nonprofit businesses more than most of us realize.
For one thing, they are a reliable source of employment. It is a common myth that everyone who does work for a nonprofit is a volunteer but this is not the case. Nonprofit organizations are simply businesses have get special tax processes. In fact, a recent study showed that more than 10 million Americans (or approximately 10 percent of the working population) work for not for profit companies.
They also help to stimulate the economy. In addition to providing people with jobs so they can make and spend money, nonprofits also require goods and services from other companies. This helps other industries stay in business. Of course, all this requires nonprofit funding opportunities.
Who Offers Finance for Your Nonprofit?
If you run a nonprofit, you may believe that 501c3 loans, not for profit business loans or grants are the only ways to get funding. On the contrary, there are easier methods that don’t involve the strict criteria of government grants or the time-sucking process of filling out all that paperwork at the bank.
Many nonprofits have found success by working with a business cash advance company, like Financing Solutions (www.financingsolutionsnow.com). They can give you the fast business financing you need when facing a cash shortage.
At Financing Solutions, they are accustomed to working with nonprofits and understand your unique challenges. As long as you are an existing nonprofit with at least 350,000 dollars in revenue per year, you are eligible for nonprofit financing.
Best of all, there is no long term commitment. You can repay the money in a few weeks or months, when your government grant comes in or your cash flow improves.
Looking to Take Your Nonprofit to the Next Level?
Your nonprofit has a great mission and dedicated employees but you may still feel as if you are stuck in a rut. Perhaps your donation level has hit a plateau or you don’t know where to go for new donors. Even if you are doing fine, there’s nothing wrong with finding ways to shake things up.
One thing to do is to use social media to its full potential. Instead of just periodically sending posts, use it to encourage feedback and engage consumers.
You should also make it a point to solicit advice from your employees. They are on the front lines in dealing with donors and often have great ideas for ways to improve.
The best thing you can do is to contact Financing Solutions. They will give you finance for your nonprofit to launch new initiatives and grow your business.
If your nonprofit would like a line of credit that you can use when cash flow is down please visit www.fscreditline.com/np to learn more, to apply and to receive a written offer. A Line of Credit for your nonprofit costs zero to set up and zero until you use it, making it an excellent backup plan.
