A Line of Credit... Just in Case
Are you looking to grow your organization with operating grants for nonprofits? Grants come in all forms and sizes, each with its own guidelines, requirements, and purposes. Winning a grant award can feel like winning the lottery, except grant applications take months of hard work and documentation instead of the luck of the draw. Plus, […]
Can nonprofits apply for SBA loans to get funds for their nonprofit? The Small Business Administration (SBA) traditionally plays a vital role in providing guidance and funding for small businesses—but unfortunately, the SBA does not issue loans for nonprofits. A nonprofit can be a large organization like the American Red Cross or a small nonprofit […]
There are numerous nonfederal and federal grants for nonprofits ready for the taking, but do you have what it takes to be a grant success story? If you are just starting to research how to get grants for nonprofits, the amount of information can seem overwhelming or even intimidating. The key is not to stress […]
Like their for-profit business counterparts, nonprofits had quite a chaotic year in 2020. Not only were their already limited resources stretched by an overwhelming need—and demand—for their services, but nonprofit fundraising took a big hit as consumers and businesses pivoted to survival mode and considerably cut back on charitable giving. The National Council of Nonprofits […]
US lenders who service nonprofit organizations have always been challenging to find if you are a nonprofit. However, some nonprofit lenders have started to give 501c3’s the same business loans and business lines of credit that for-profit businesses have had for decades. What is now different is that these lenders are not the ones you […]
Donor personas are semi-fictional portrayals of the people you expect to donate to your nonprofit. They allow you to personify your target market by creating a profile that includes a deeper level of demographic and psychographic details. You can give your personas names and faces to help you really bring the personas to life and […]
Summary: I am a Managing Partner at Financing Solutions and we are the leading provider of Nonprofit Lines of Credit in the US. Over the last 25 years, I have built 6 companies and I have personally dealt with banks numerous times. A nonprofit line of credit can be used for a multitude of scenarios, […]
Over the last decade, nonprofit organizations have experienced fewer hurdles when it comes to financing and banking options. The financing tools previously only accessible to small businesses are now available to nonprofit organizations as financing institutions realize the importance of helping nonprofits expand. Find out how nonprofit businesses use financing tools, which tools work best, […]
In-person fundraising events like galas, races, and auctions, are typically big fundraisers for many nonprofits. However, due to the continuing impact of the Covid-19 pandemic, many nonprofits have been forced to cancel their events. Because these events typically bring in large sums of revenue, many organizations pivoted and turned their in-person events into virtual fundraisers. […]
Lines of credit for nonprofits can be used for a multitude of scenarios, but most often a line of credit is used to address emergencies or opportunities that can be paid back in the short term. As Managing Partner at Financing Solutions, which is one of the largest lenders of Nonprofit Lines of Credit to […]
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