If you're designated as a 501(c)(3) corporation you may be eligible for borrowing at lower rates.
501(c)(3) organizations have unique banking requirements
From education to health care to social services, not-for-profit groups deliver needed services in many communities we serve in Wisconsin, Illinois and Florida. First American Bank provides the specialized products and affordable financing those organizations need to operate their business and take on major capital projects.
First American Bank has over 200 not-for-profit clients. They range from small community theaters to regional universities, utilizing basic checking accounts to a full suite of treasury management services with working capital lines of credit, construction loans and tax-exempt bonds. First American Bank is also committed to giving back to the community with donations and in-kind contributions. Over the past five years, through our scholarship program, we have contributed over $500,000 to our not-for-profit clients.
One of the benefits of being a not-for-profit is the ability to borrow at tax-exempt rates. Whether your project is being funded through operating cash flow or a capital campaign, First American Bank can help you finance a new facility or equipment and realize substantial savings through 501(c)(3) bonds.
501(c)(3) organizations have unique needs for managing their money. Our Treasury Management group provides innovative solutions specific to not-for-profits, including risk-averse short-term cash investment options, remote deposit capture, credit card acceptance and advanced fraud protection tools. Our Wealth Management professionals focus on providing high-quality investment advice and administrative expertise to assist in designing and implementing investment policies for endowment funds, charitable programs and retirement plans.
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