twcadmin
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IT Equipment Funding
A government funded, non-profit organization is opening a site and required 150 computers. Of course, funds wont be release to the organization to purchase equipment so i'm not sure how they expect them to purchase equipment. Since it is a new organization, there is not credit so Dell or newegg.com won't open a line of credit for the new agency. Are there any options or special programs that might apply in this situation so the organization can buy 150 computers(about $100,000)?
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Coming from Canada I don't really understand the US non profit organization rules.
I have worked with 12 major non profits in BC and all have managed to have funding for their equipment upon opening.
Credit can be backed by either assets or a letter of commendation form their benefactor.
A bank "operating funds" loan may be another solution.