While it is always more favorable to start a business from available funds, a new NPO may want to consider arranging low-interest loans through an institution that specializes in funding nonprofit start-ups. This is a particularly good option for a founder who has previously started a nonprofit and has a proven track record of fundraising and operating ability, but can be helpful for those new to the nonprofit sector, as well.
Banking institutions may also be able to advise a new organization on business plans, financial issues, and strategies for fund-raising. Using this resource can help clarify some of the more confusing aspects of starting a financially successful NPO.
