When you run a nonprofit organization, it is difficult to get volunteers and manage events. However, one of the hardest tasks can be getting a small business loan for your nonprofit organization.
With your strong mission and so many people in need, you’d think it would be easy to find funding resources for nonprofits. In truth, when you need a small business loan for your nonprofit organization, there are not too many good options available.
Is it Possible to Get a Small Business Loan for Your Nonprofit Organization?
Going to a bank for a nonprofit loan is often a waste of your time. Banks require tons of collateral and don’t make special exceptions for nonprofit organizations.
There are traditional factoring companies that may be willing to give you a nonprofit business loan. Nonetheless, they typically take several weeks to get you your money and lock you into lengthy repayment schedules.
Are There Alternatives to a Small Business Loan for Your Nonprofit?
Many still think that banks and 501c3 grants are the only sources of funds for nonprofits. However, banks are reluctant to help nonprofits and government grants can be very competitive.
Your best option is a business cash advance company like Financing Solutions (www.financingsolutionsnow.com). They can give you the not for profit financing you need to produce events, make payroll and grow your business.
With Financing Solutions, you can get fast cash in less than a week. It takes only 15 minutes to get started. Once you’ve answered a few questions and provided a small amount of paperwork, you will be quickly on your way to getting the funding you require.
They specialize in the unique situations faced by nonprofits and understand your challenges. Many nonprofit organizations turn to them again and again for emergency nonprofit funding when government checks are late and they are facing a cash shortage.
Tips for Improving Productivity at Your Nonprofit Organization
As the head of a nonprofit organization, you get pulled in many directions. Consequently, it can be hard to get your to-do list done each day and also focus on ways to grow your business. The answer may lie in finding more effective techniques to achieve your goals.
One thing you can do is to pay attention to how your time is spent. It’s easy to get caught up in managing the minor details and run out of time for big-picture pursuits. Tasks like replying to emails and checking inventory can take up a significant amount of time. Keep the things that do require your attention and delegate the rest.
Another important method for improving productivity is to stop multitasking. Although it may seem like you are getting a lot done when you are busily running around, you might really just be spinning your wheels. Studies have shown that multitasking actually decreases your efficiency. It’s best to give all your focus to one task at a time.
The best way to increase your productivity is to get nonprofit funding from Financing Solutions. When you are less worried about nonprofit financing, you can make growing your business the center of your attention.