When planning a capital project, most nonprofits turn to a traditional capital campaign. However, using debt as part of your plan of finance should always be considered.
While many nonprofits find the prospect of debt daunting, tax-exempt financing can actually support your organization’s long-term growth and financial footing, as it:
- Allows construction to start before all capital pledges are received
- Spreads costs over project’s useful life
- Conserves cash to cover unforeseen expenses
- Allows contributions to fund an endowment, not construction
Whether you need to fund a new cultural or educational building or to refinance an existing loan, click here to learn more about our application process.
