Keeping the doors open when it matters most

Industry: Non-profit health care
Location: United States of America

Problem:
Needed emergency funding to make payroll while navigating a leadership transition and delayed grant disbursement

Solution:
Working Capital Loan

Results: $150,000 in funding secured to cover payroll and stabilize operations

How Swoop helped a community health provider meet payroll during a critical transition.

For mission driven organizations, keeping the lights on is about more than business. It is about the communities that depend on them. We stepped in to help a community health center secure the funding it needed to make payroll during one of the most challenging periods in its history.

Challenge

The organization, a community health center serving a rural population, was in the midst of a challenging leadership transition. The previous board had left financial records in disarray and had taken out expensive loans that were straining the budget. A new board had stepped in to rebuild, but the road to recovery was steep.

Compounding the pressure, a significant grant that the organization had been counting on was stuck in limbo. The funding had passed its technical review but was delayed by outstanding administrative questions. Meanwhile, payroll was approaching and there was no cash on hand to cover it.

The health center initially sought $500,000 to consolidate its debts and stabilize operations. However, the lack of clean financials and the complexities of financing a non-profit made traditional lending options extremely limited.

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Solution

We worked quickly to explore every available avenue. While the full $500,000 consolidation was not achievable given the financial state of the organization, we secured approval for $350,000 through a working capital product designed to work with the health center’s revenue profile.

As the situation evolved and some expected payments came through, the organization ultimately drew down $150,000, taking only what was needed to meet payroll and bridge the gap until the delayed grant was released. This measured approach helped the health center avoid taking on more debt than necessary during an already challenging period.

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Result

With the funding in place, the health center was able to make payroll on time and continue delivering essential services to the community without interruption. The new board gained breathing room to focus on rebuilding financial systems and resolving the outstanding grant questions.

By providing fast, flexible support during a critical window, we helped ensure that a vital community resource stayed open for the people who need it most.

Don’t let a temporary cash flow gap put your mission at risk. Discover how we can help keep your organization running. Click here to get started.