Traditional lending programs are not always able to provide financing to nonprofit organizations. Unlike for-profit businesses that can show a steady income stream, nonprofit organizations are not always able to show that and often service clients who cannot afford to pay for services. Traditional frameworks may determine your engagement with government, foundations and individuals for grants and donations as a weakness. These may be viewed as unreliable because of the uncertainty of these funding options and the timing of receiving them once approved.
We can help you turn your funding support network into a strength by showing them ways to fund the valuable services you provide beyond donations.
Through LENDonate’s BYON program, we can help your nonprofit design a program to raise private loan capital. The investments would come from your nonprofit’s network of supporters – people on your leadership team, board members, and major donors. Loan terms are flexible and can have special features such as a loan-to-donation conversion option.
Please download the brochure and reach out with any questions. We would be happy to schedule a 30-minute complimentary consultation call to explore whether BYON would be a right fit for your organization.