Most nonprofit organizations already have their boards of directors, mission statements and programming already in place. However, financing for established nonprofit organizations is not always as easy to obtain.
Many people think the most difficult part is starting a not-for-profit organization. On the contrary, having the desire to do good and gathering support to create a nonprofit is easier than finding financing for established nonprofit organizations. Thankfully, Financing Solutions (www.financingsolutionsnow.com) is here to help.
Who Offers Financing for Established Nonprofit Organizations
Some people have the mistaken belief that nonprofits raise all their money from pledge drives and solicitations. The truth is that fundraising is typically only a small part of nonprofit funding opportunities.
Nonprofit grant writing to get government funding is usually a large component of most nonprofit organizations. However, the rules can often be very strict and competition is fierce. Also, even if you are awarded a grant, it can take weeks or months before you get your money.
There are times when you might need to seek loans for not for profits. Yet, this option is out of reach for many nonprofits because traditional banks have a rigorous application process and stringent policies about collateral and credit scores that are difficult to meet.
How Financing Solutions Helps with Financing for Established Nonprofit Organizations
Financing Solutions provides both cash advances and working lines of credit for existing non profit organizations. You must have at least $300,000 in sales to be approved.
At Financing Solutions, they have tons of experience working with nonprofits and they understand your trials and challenges. For instance, since this is short term business funding, you can repay the money you owe in a few weeks or month, when your government funding or check comes in.
The working lines of credit are viable for up to 12 months. Many nonprofits turn to them again and again for cash advances. This can be very helpful for emergency business funding to make payroll or handle cash shortages.
How to Keep Established Nonprofit Organizations Stimulated
When you run a nonprofit organization, it’s easy to become rigid or sluggish. This can happen when you get so set in your ways that you forget you also have to grow or, worse that you don’t know how.
One thing you can change is how you measure and demonstrate success. If you focus only on how much money you raise, you are missing half the picture. Donors and nonprofit grant providers like to see the impact of their help as well as real results and the best way to show that is with personal stories from those you help. You can create videos, highlight testimonials on your website and have recipients speak at events.
You can also find creative sources you may not have considered before. For example, someone on your staff may be a whiz at building websites or a donor could be willing to offer free legal help. Providing opportunities for brainstorming and feedback is a great way to discover hidden talent. If you don’t ask, you may never know.
The best way to keep your organization stimulated is to contact Financing Solutions. They will provide the not for profit funding necessary for your innovation and success.
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.