Here at Blue Avocado, we work hard to bring you the most relevant and practical information for small to medium-sized nonprofits. But we couldn't do this work without our parent organization and publisher, American Nonprofits (AN). Working together to support community nonprofits, AN has created several new and exciting initiatives.
Short-term resources for long-term gain
Let's be honest, it's tough to make ends meet. And when you're waiting for a grant to materialize, or your reimbursement check to come through, you still have to keep the lights on. To complicate this matter more, most banks and even many community development financial institutions (CDFIs) don't lend to nonprofits for small, short-term loans. The reasons vary from lack of collateral to bank regulations, and either way, most nonprofits cannot access short-term, unsecured operating capital. Lenders have not found a way to do this effectively.