None Profit -75K
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  1. #1
    Member Reputation points: 31
    Join Date
    Apr 2017
    Location
    Orange County, CA
    Posts
    90

    None Profit -75K

    I have a new application for $75,0000
    From a none profit who does 8 million a year in revenue.
    Paid by the bank till they get their checks end of the week,
    NSF (aka paid overdrafts) are the issue.
    State is Tx.

  2. #2
    Senior Member Reputation points: 5328
    Join Date
    Jul 2017
    Posts
    129

    Non-Profs are difficult but not necessarily impossible to Fund. For instance, if you are looking at a non-profit prep school (say, one that is affiliated with a church and is thus a non-profit), you can potentially adjust your Sales Purchase Agreement to represent that you are purchasing future tuition, not future sales. Their ability and willingness to pay, or course, is another matter altogether. In the example you represent above, you might want to find out if they have a separate bank account that you could tap for your daily ACH in the event of NSF funds in the primary account. I hope this is helpful.

  3. #3
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    As long as the board will sign off, and someone will sign the COJ, go to EBF.

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