Financing for Existing Nonprofits That Are Waiting on or Writing Grants
Let’s face it: waiting stinks. Fortunately, there is available financing for existing nonprofits that are waiting on or writing grants.
Whether you are trying to start a program or hoping for a decision from your bank, you are basically left in limbo until you get answers regarding your nonprofit financing. If you are in this situation, you need to find financing for existing nonprofits that are waiting on or writing grants and you need it now. Help is at hand, if you know where to look.
Where Can You Find Financing for Existing Nonprofits That Are Waiting on Grants
More and more nonprofits are turning to business cash advance companies for funding. If you are an existing non profit with yearly revenue over $250,000 then you can get a cash advance now that will allow you to start or continue your programs through Financing Solutions (www.financingsolutionsnow.com).
With Financing Solutions, the application process is fast and easy. Once approved, you can have the cash you need in less than a week. In fact, more than 95 percent of the businesses that apply are approved for instant business funding.
The Disadvantages of Waiting on or Writing Grants
Many nonprofit organizations rely heavily on grants to survive. Therefore, it is easy for them to feel powerless over the process.
Writing grants can be time consuming. It is important to not put all your eggs in one basket, so you must write numerous proposals throughout the year. You should also write a unique application for each funding source. All this can take your focus away from growing your business for a considerable amount of time.
In addition, if you are lucky enough to get nonprofit business funding, you still may have to wait for several weeks or months before you get your money. This means that crucial programs and daily operating expenses, such as making payroll, might have to be delayed or cancelled.
Tips on Getting More Nonprofit Funding
Often, your success at obtaining grants for your nonprofit organization is directly related to how far you can advance your mission. As a result, you need to know how to get as much not for profit financing as possible.
One thing you can do is to ask for a review from agencies that decided not to grant funding for your organization. Ask why your application was not successful. Perhaps you misread the rules or they felt you were not a good match for their goals. Either way, you will then be able to determine whether you will try again next year or remove that funding agency from your list.
Also, think carefully about your budget for a program and which parts you can handle yourself. It is unlikely that a funding agency will provide emergency nonprofit funding for the entire cost, so know which areas are crucial and how much you really need. Be prepared to account for every penny.
The best way to get more nonprofit funding is to contact Financing Solutions. They will give you the financing you need to 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.