Non-Profit Advocacy Organization Single Invoice Factoring Case Study

Non-Profit Advocacy Organization Single Invoice Factoring Case Study

06:47 22 November in case-studies
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One of our recent clients is a Pennsylvania-based non-profit advocacy organization dedicated to improving the futures of children in foster care. The client’s mission is to provide a safe and caring home for all at-risk children in foster care in the Philadelphia, PA region. The organization also provides food, clothing and therapeutic services to households of up to six children.

Background

  • Philadelphia, PA-based non-profit organization that fosters and assists with the adoption of children
  • Focuses on troubled children who have been fostered in multiple homes in an effort to give them stability
  • Owners of the company have fostered over eight children personally

Company Challenges

  • As a non-profit organization, the Client had a very difficult time obtaining financing
  • Wanted to expand and open additional homes for boys and girls so they could foster more children and get them adopted

Capstone’s Solution

  • Provided a single invoice financing program allowing them to obtain funding through their invoices as they needed to with no annual commitment
  • Increased the advance rate to 80% to help the client access cash quicker

Progress and Future Outlook

  • The Client has opened one additional home since we began working together for girls and has plans to open an additional home for boys later this year
  • Invoices have been increasing as they foster and tutor additional children, thereby creating more cash flow for them to continue expanding

 

Non-Profit Organization Single Invoice Factoring