Need to raise $25,000 asap to buy house my nonprofit is using I can't get loan with credit Can anyone help me?
966969
start a web site to take donations, or "cash advances", try putting it on my space, the word will spread quickly since it's for a good cause. contact your local radio channels, for nonprofit causes most will run adds free, or at least a discount. encourage your community to get involved. maybe visit some larger businesses in your area, and encourage them to sponsor or contribute to the cause. Promise free advertising, and new loyal costumers, that should help. Good Luck, and I hope everything works out.
1004029
yes, you can get financing.  The costs involved, the interest rate, and the terms would need to be carefully investigated.  Be careful, there are lots of people out there who prey on the credit challenged.  You DO have choices.  Call me at 1-800 971-4638 extension 223, I'll try and steer you in the right direction.  I've been a mortgage lender for more than 20 years.  I just got a woman with a 577 credit score a FNMA loan.  So it is possible.
1016816
What do you need a loan for?  If your credit is horrible, any loan you are going to be able to get is going to be at a very high rate of interest.  You'd be better off saving $200 a month for a few months and paying cash for whatever it is you need the loan for.  If you just need it to make ends meet, you're going to sink further and further in the hole and never be able to get out.  Spend less.  Pay your bills.  Don't borrow.  Adjust your lifestyle to fit your income, not the other way around.\n\nSorry.  Not the answer you wanted, but having been down the "I can't live on my income, no matter how many raises I get" road, I know what I'm talking about.
770890
there's an online people to people lending site that's getting very popular nowadays..www.prosper.com. you can try asking for a loan there..good luck
589825
home loan: www.naca.com  \n\nthey are a non-profit housing advocacy group and they will work with you to improve your credit.
875032
It's not entirely impossible. How's your credit? Have you or your spouse been working at a job for 2 years or more? With paying rent, can you provide rental verification? Have you ever claimed bankruptcy, if so how long ago? There are a lot of houses for sale with the owner offering to pay towards closing costs. And if you have good enough credit, you may be able to come into the loan without a down payment and also have the luxury of the seller contributions. Depending on the house you're interested in. There are a lot of questions behind that question, you just have to get started on the pre-qual process and then find out from there.
784783
a loan from the bank wait snap u have poor credit nvm idk
234554
Trust me, it's possible.  I know because I did it.  Try the government funding agencies.  I was actually very lucky because the agent that sold me this house knew where to go to get help for people like us.  Do some research on the internet.  Not sure which state or country you live in but I am sure there is help available.  Good luck.
535276
www.naca.com\n\nThey are a non-profit housing advocacy group. They do their own financing, will work with you to get your credit back on track and they also work with banks.  They do fixed rate loans.  Check them out.  If you have bad credit your terms with a lender aren't going to be that great.  NACA isn't about profit, they are about getting people into houses.  They got their money by taking on Fleet Bank for predatory lending and they won.  Now they use that money to help others get into homes.  Good luck!
54604
Your credit score isn't all that bad considering the national averages.\n\nHowever, you have some other options besides outright purchasing a home for sale:\n\n1. Lease Option or Rent-to-Own: Look for these advertised in the classifieds, that allow you to rent a house for a certain term (like 1 to 3 years), where some or all of your rent goes toward the purchase price. Then, when you're ready (you should repair your credit during this time), you can purchase the house. Part of your down payment will already have been paid.\n\n2. Talk to the Fair Housing Administration (FHA - http://www.fha.gov) about HUD loans for low-income and not-so-good-credit individuals.\n\n3. Look into purchasing a foreclosed home at an auction.\n\n4. Ask a close friend or family member with good credit to co-sign your mortgage.\n\n5. See if anyone is advertising "seller financing" or "owner financing", in which the seller will allow you to make mortgage payments directly to them.\n\n-----------------\nUpdate: DO NOT apply for an interest-only loan. You will be severely hit with a balloon payment down the line, or higher payments, or at the very least you'll have to refinance and pay additional closing costs. Interest rates are rising, and you won't want to do that. Stay away from these!
1017145
I don't think you'll find much help here, see the responses already, I wish you luck.  I would try to raise the money locally if you can.
495798
contact www.naca.com\n\nThey are a non-profit housing advocacy group and they either finance their own mortgages or work with big lenders such as Bank of America.  They will work with you to improve your credit also.
787622
borrow it from someone or take a credit card advance
883694
My answer will have three parts:\n\n1. Make your rental deal more attractive to lessen your fundraising needs. \n\nMichigan real estate is experiencing a huge downturn currently. It has become increasingly difficult for owners of strip malls and other commercial property to find tenants for their buildings. You may be able to negotiate a deal that requires no money down at all. Especially if there are vacancies in the location you are attempting to move to. Explain to the owner that you have a strong background in the type of business you engage in. Don't begin to explain why you do not have enough funds for downpayment or anything of that sort. Point out to the owner that another commercial property has becom available to you with no money out of pocket required and they may lessen their requirements. Building owners need to retain certain occupancy rates to remain profitable and keep their property out of foreclosure. Use this dire need for tenants to you advantage! \n\n2. Fundraising \n\nI find that most business owners have fund fundraising in the initial phases of their businesses from families or friends. Approach the people that are already in your life, they know your business experience in your field and have seen you succeed at your current location. Structure a program to get a little contribution from a few people rather then looking for one single person to give you the whole amount that you are looking for. Essentially sell "stock" in you business. \n\n-Show sales and profit numbers for the last two years.\n\n-Have a detailed business plan. \n\n-Explain how this particular location/store would be advantageous to your business. \n\n-Show how you plan to advertise and attract customers. \n\n-Give a realistic expectation of what your expenses would be (staff, electric, heat, advertising, promotions, etc.)\n\nTreat family and friends as you would any other investor and have a "formalized" meeting with them. You want everything to appear professional and well thought out. \n\nThe last piece of advice I would give you is to find a possible sponsor. When kids trade cards and play it keeps them off the streets and out of trouble. Offer to host tournaments so many times a week and show how this can benefit the community and make parents feel good about their child's activity. That approach could possibly help you get sponsorship from certain churches, other local businesses, family support groups, etc. \n\n3. Credit options\n\nEven if you have bad credit you could possibly use another piece of property or vehicle that you own as collateral for a business loan. With this option you also want a professional well though out business plan.
986035
there are many different loan opportunities out there. you just have to do your research and see who's willing to accept your loan request. you may need someone to co sign with you so look into that too.
310188
I don't have the exact answer, but make sure you know the difference between a loan, grant or nonprofit loan.  Start with search engines first: Request information for Government small business Loans, or Government Non-profit Loans.  Use Googles, Ask Jeeves, or Meta Crawler.com because you need a listing.  Momma.com (another meta crawler)  Good Luck.........
61930
My husband and I had the same problem two years back for the same reasons. We tried everything, even those ads that say they will loan you money with bad credit. It was a scam and we were out a few thousand dollars so be careful of those. We eventually found a person who was willing to do a land contract or lease to own. We leased the house we are in for two years and then when we bought it the money we paid in rent those two years was the down payment on the house. We went through his Credit Union and it was a fairly easy process. He was a HUGE help to us. So I would suggest that route if you can!\n Good luck and I hope all works out for you!