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I am starting a not for profit business, but i am finding it very difficult to find funding, I've submitted grants and have had no replys so far are there another avenues that I can go or do you have any suggestions? i.e. possible investors? ( Project Green Seed.com )
Also, what do you mean by investor? What type, i.e., tax classification, of not for profit are you?
Your web site URL is a dot com address not a dot org. The web site has been under constrctuction since last year. The email address listed on the site is a gmail account. Your address on the site is Detroit but the IRS lists you in Grosse Pointe.
Need I go on? While you may be legit, all the obvious warning signs are there. Too many red flags.
I am starting a not for profit business, but i am finding it very difficult to find funding, I've submitted grants and have had no replys so far are there another avenues that I can go or do you have any suggestions? i.e. possible investors? ( Project Green Seed.com )
Be sure you file as a cahritable organization so you qualify for grants. Seek assistance via Small Business Organization (SBA) for free consultation.
Speak to friends and family and consider peer lenders such as lendingclub.com and prosper.com
Good luck!
Reverend Santee,
Sorry if I made it sound like you can't help others. I just wanted to point out that one of the requirements for being classified as a not for profit entity by the IRS - is that the entity cannot sell ownership (shares) in the entity.
One can have a business that helps others and choose to get the not for profit designation from the IRS or sell stock in the company - but not both.
It is a matter of choice and should be carefully thought out at the beginning.
Good luck to you with your efforts.
Here's a list of organizations that also help get funding off the ground for non-profits and for profits orgs and projects
It's in this Blog:
Creative Financing for your Next Project (Money Money Everywhere!)
Good Luck
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