It has been said that you are who you associate with. In the case of nonprofit organizations, you are in good company, especially when you discover that Financing Solutions provides financing for 501c3 associations.
Any business can be faced with a cash shortage. The reason could be as simple as a late government check. If this happens, it could make your operations and programs come to a crashing halt. Thankfully, since Financing Solutions provides financing for 501c3 associations, you do have options.
The Facts about 501C3 Associations and 529 Plans
Nonprofit organizations that provide college scholarships can use 529 plans to help manage assets and reduce administrative load. Managing the numerous record-keeping and investment options can steal considerable time, money and energy that might be better spent advancing your mission.
When you use a 529 plan, you pass this responsibility to qualified professionals who are probably more knowledgeable about tracking returns and processing related paperwork. As a result, you can save money and provide more scholarships.
Many 501c3 organizations prefer 529 plans because there is no maximum contribution and you don’t have to name a beneficiary, which makes them ideal for nonprofit educational associations.
How Financing Solutions Helps 501C3 Associations
Just like any other business, nonprofits need cash. While you are waiting for donations or nonprofit funding grants to come in, you must still make payroll, pay bills and provide scholarship dollars. Many have found success by using a business cash advance company, like Financing Solutions.
If your yearly revenue is more than $350,000 per year and you are an association 501(c) or non profit 529, Financing Solutions (www.financingsolutionsnow.com) can provide you with a cash advance or line of credit of $5,000-$150,000. They understand the stress of running a nonprofit, so they make the process of obtaining not for profit funding fast and easy. It only takes a 15 minute phone call to get started.
Best of all, there is no long term commitment. They offer flexible repayment options that allow you to repay the nonprofit financing you receive in a few weeks or months, when your cash flow is stronger, without early payment penalties.
When you run out of cash, you can’t start programs on time or handle emergency expenses. If you have this problem too often, it could lead to paying extra money in late fees. You may also find that vendors won’t work with you. With help from Financing Solutions, you can avoid all that.
How to Provide Opportunities for Your Nonprofit
It seems that every year, the needs of those you help get bigger while funding dollars and grants available for nonprofits gets smaller. The key is finding ways to do more with less.
One thing you can do is to take stock of the resources you already have. For example, instead of hiring a new technology director, you may find that someone on staff has the needed skills. There may also be an engaged board member who has an inexpensive way to get software programs. Saving money this way allows you to funnel more dollars into new opportunities.
You can also cast a wider net for funding. With tactics such as spreading your messages on social media and partnering with other nonprofits to share resources, you can tap into a whole sector of new targets you didn’t have before.
Of course, the best way to increase your opportunities is to contact Financing Solutions. With the right nonprofit funding, the sky’s the limit.
