NonProfits Need a Line of Credit

  • Use for emergencies
  • Even out your cash flow
  • Use for payroll when funds delayed
  • Start new programs now

Your Line of Credit is Inexpensive

  • Only charged when you use the line
  • Up to $150,000 Line
  • No cost to have line in place
  • Inexpensive when you do use

Your Line of Credit is Easy

  • Fast approval and funding
  • No collateral or restrictions
  • Very little paperwork needed
  • Get line in place now just in case

Quick Line of Credit Quote

Finally, A Line of Credit for NonProfits

We use to stress out when payroll was due at certain times of the year and our funding was delayed. Now, we just use our line of credit and pay it back in a few weeks.

John Haines

John Haines
At risk children 501c3

At the end of our fiscal year the state always delays our funding. We can’t just stop helping our clients so we use our Line to bridge that gap.

Joanne Dillion

Joanne Dillion
Disability care 501c3

We use our Line as a backup plan and the best part about it is the line doesn’t cost anything until we use it. We always wanted a line but our local  banks just wouldn’t approve us.

Chip Jones

Chip Jones
Inner city development 501c3

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    We understand nonprofits

    We understand nonprofits. Most nonprofits have ups and downs in cash flow where a Line of Credit can greatly help your organization…and your piece of mind.  

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    A company you can trust

    We have an “A+” rating from the Better Business Bureau and believe strongly in treating you professionally and with respect.

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    A fast & easy process

    Answer a few questions and we will send you an offer in writing for you to consider. If you decide to move forward, we will then ask for a few easy to get documents. You can have your line set up in 48 hours. 

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    No cost to you

    Many of our nonprofit clients get their Line of Credit in place as a resource when/if needed. The line doesn’t cost anything until used making it a great backup plan. 

Nonprofits and a Line of Credit

Most people don’t think of a nonprofit organization as a business but those who work at a nonprofit know that their organization runs much like a business. You have customers, expenses, income, operations, employees and the same issues that are at for profit organizations.

Yet, most nonprofits don’t think of getting financing like a line of credit. A line of credit is a preapproved amount of money that is available to the nonprofit which can be used at any time and for any reason.

Bank Line of Credit

If you have ever applied to a local or commercial bank then you know firsthand how hard it is to get a line of credit in place and how slow the process can be. The main reason it is difficult to a get bank line is because banks want collateral in the form of property, cash, stocks, account receivable or other assets to back up the loan. Another reason why banks don’t want to give financing to nonprofits is because if you do default, a bank sees it as a PR nightmare. No bank wants to be seen as the big, bad monster that shuts down the good works of a nonprofit. Lastly, bank lines of credit can be expensive to set up and are more geared to for profit companies, which the banks understand better.

Financing Solutions

Financing Solutions was the first alternative financing company to build a line of credit product specifically for nonprofit organizations. One of the key reasons why we are able to do what bank can’t, is because we do not require collateral and we designed our line particularly with nonprofits in mind.

Our application consists of only 10 questions and you will get an offer in writing usually the same day that you apply. If you decide you want to move forward then we will ask for a board approval letter, a 990 form, some bank statements and a few other documents that are easy to obtain. The whole process will take 2-3 days. We also offer service that is even faster if you are really in an emergency.

We deal with nonprofits all the time and we really understand the issues you face. When you call into our office for any reason you will find that we are very supportive and considerate of your situation.


Our line of credit costs nothing to set up and your organization is only charged when you actually use the line. This makes a nonprofit line perfect for that time of the year when funding is delayed but your expenses, like payroll, are still there. And when you do have to use your line, you will find it to be extremely inexpensive and a great tool to have at your disposal. The line is intended to be used for very short periods of time but there are no restrictions for how you use it.

Nonprofit Line Uses

Although there are no constraints, here are some examples of how other nonprofits have used their line:

  • Making payroll
  • Continuing client services
  • Starting programs early when funding has been approved but you have to wait for the actual check
  • Covering unexpected expenses
  • To avoid asking board members or donors for a personal loan

A Business Tool…for Nonprofits

We have nonprofit clients that use their line often and others that use their line only sporadically but one fact remains constant: every day we hear from Executive Directors or Board Members who say that their line of credit from Financing Solutions has been a very valuable tool to their organization.

We, at Financing Solutions, are very happy to offer a product that really helps to support all the hard work you do to make the world a better place.

Click here to get a written quote without a preliminary credit check