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.