Frequently Asked Questions
1) What work with Western Solutions instead of a local bank?
A: Our services are more extensive than your local bank. We offer the following advantages:
· A broad understanding of 501 (c) (3) organizations. Our expertise specifically focuses on non-profit municipal finance and tax-free loans. We bring the best low-cost financing options to the table.
· Access to multiple financing solutions. Our close relationships with banking parties and “working group” members ensure all clients receive competitive pricing with no hidden fees.
· We specialize in assisting your organization obtain tax-exempt municipal securities and loans for purposes of refinance, land purchase, construction and upgrades.
2) How do we determine is bonds are the right option for our non-profit organization?
A: Bond financing can be used for purposes of refinance, land purchase, construction, and facility upgrades. Even if your organization is no prepared to embark on the tax-exempt bond process, Western Solutions can assist you in preparing for future bond financing. Contact a Western Solutions advisor to explore your organization's financing options.
3) What are the fees associated with bond financing?
A: There are multiple fees associated with bond financing. Western Solutions works closely with participating parties to ensure fair, competitive pricing with no hidden fees.
4) Will our school’s curriculum be affected by bond financing?
A: Western Solutions’ trained advisors are experienced in First Amendment laws pertaining to Separation of Church and State. Western Solutions only advises on bonds that ensure your organization will not have to change faith based teachings.
5) Is our organization required to have a capital campaign in place to receive bond funding?
A: Although capital campaign programs are excellent sources of revenue for non-profit organizations, they are not required to complete a bond. In many cases, it is better to issue debt through a bond so a construction project can be completed and paid off with capital campaign money.
6) What are the current market rates?
A: There are many different ways to structure bond financing. Bonds can have adjustable or fixed rates on different terms. Because interest rates change daily, it is best to contact a Western Solutions advisor to find out the current rates.
7) How can our organization learn more about bond financing?
A: With no up-front fees or obligation, a Western Solutions advisor will educate your organizations administrative staff and board on all steps involved in obtaining bond financing. Western Solutions advisors have extensive knowledge of the bond process and will ensure that your organization’s staff understands bond financing options before decisions are made.
