Usually the associations that manage to obtain a loan successfully are non-profit organizations, ie associations that have no profit. These can be of various kinds, they can be recreational, sporting, musical, theatrical, charitable, artistic and cultural and the various banking institutions tend to grant them loans more easily, in case they focus on promoting activities that have the youngest at their center.
Have access to different financing
These non-profit associations can have access to different types of financing, for example with private individuals through fundraising, privately, or through state loans. If you prefer a private loan, you must contact one of the banking institutions that offer specific solutions that are designed specifically for this type of association, usually two different types of situation occur, that is, some banking or credit institutions have agreements with the organization to which the non-profit association in question is subordinated, in the second case we find financial institutions that do not enjoy any convention, but in any case the choice is purely personal, as the conditions that are applied in both cases are very similar.
As regards state loans for non-profit associations, one must turn to local administrations (such as, for example, municipal and provincial offices, in some cases also to regions). In order to be able to access this type of funding, you often have to participate in some competition notices by presenting the projects offered by your association.
If the association is located in particularly large cities, very often you have the opportunity to access loans called revolutions, or temporary loans, which are designed specifically to help these associations when they need them of new liquidity but only for a certain period of time, therefore they last much less than a traditional loan and the installments are lower.
In recent times, all those non-profit associations that have as their goal that of spreading culture, especially among younger people, are usually favored. Below are some examples of banking institutions that grant loans to non-profit associations.
Banking institutions and loans to associations: comparison services
Credit Bank makes the loan called Advance 5 x 1000 available to non-profit associations. Loans can be requested up to a maximum of 50,000 USD, for a duration of the amortization plan of up to nine months with a maximum extension of three months.
This product is part of a range called Universo Non Profit, this is the new initiative of Credit Bank to be able to support all non-profit organizations through services designed specifically for their needs in order to better support all those who decide to make part of an organization.
Let’s focus now on Premiera Bank or an organ belonging to the Special Interest Bank banking institution, which has among its purposes that of granting, through facilitated conditions, access to loans to all social organizations, non-profit organizations and more generally to non-profit organizations, through the adoption of certain investment policies at advantageous conditions.
Through this product, the customer can choose to acquire a new obligation and since he renounces a part of his return, he makes sure that that specific portion of money can become a resource of new liquidity that can then be financed to carry out projects belonging to a non-profit organization, to be repaid through convenient and small installments which provide for the presence of a very subsidized interest rate.