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So you’ve gone to one bank and credit union after another looking for a line of credit for your nonprofit and they’ve all turned you down. You don’t understand why. Your financials are in great shape. Your board is responsible and qualified. Your management is top-notch. Plus, you’ve been around for forever and a day.

The truth is that it probably isn’t your fault. Banks and credit unions are extremely hesitant to extend lines of credit or loans to nonprofits for a number of reasons. Keep reading to find out why and what you can do about it.

It’s every business owner’s nightmare. It’s payday and you’re financially tapped. You know that there are huge penalties, fines, and other repercussions for failing to pay your employees on time but you just don’t have the payroll funding you need to pay your people.

Luckily, there are funding options to get you out of this predicament. Better yet, there are ways to ensure that you don’t fall into this trap in the first place. Keep reading to get our best tips on how to ensure you stay solvent and liquid, even in the leanest times.

Lines of credit for non-profits are useful in an astounding variety of situations. Whether you’re hoping to free up more cash to distribute to the communities you serve or pay your expenses in a month where all of your revenue seems to be coming in late, a good line of credit can meet your needs.

But a line of credit for non-profits can be hard to obtain. Many banks and credit unions won’t even consider extending credit to non-profits. For those that do, most require personal guarantees or collateral.

So how does a non profit go about finding a financing product that works for them? Read on to find out what a credit line can do for your non profit and where to go about finding a lender that will work with you.

Working capital demand loans provide dynamic businesses with the financial flexibility they need to succeed. A useful alternative to large cash reserves, secured lines of credit, or traditional loans, working capital demand loans allow small and medium-sized businesses to meet their regular capital obligations while freeing up more cash to put to productive use.

Financing solutions for nonprofits is often limited. The general unwillingness of banks and credit unions to lend money or make loans to nonprofits reduces the options available to those organizations. As a direct result, many nonprofits are forced to choose between carrying large cash balances to ensure sufficient cash flow in lean times and risking late payment of obligations by foregoing that cash.

There are other options available, however. Keep reading to find out what they are and how they can help your nonprofit thrive.