Cambri Gardner learned about the medical spa industry through her mother, a registered nurse working at a Colorado medical spa. Gardner now works alongside her mother at Roswell Aesthetics & Wellness, the business Gardner purchased in 2023 with the help of the nonprofit lender The Loan Fund.

Gardner had spent much of her professional career in sales and was ready for a change. “Sales was not fun for me,” said Gardner. “I really didn’t feel like I was benefiting people.”

In 2018, Gardner began working at a medical spa and was soon studying to obtain laser certification. Becoming an esthetician gave her a new sense of purpose, she said. “Seeing the changes that benefit people not just on the inside but on the outside, I felt was more life-changing for me.”

A nonprofit isn’t in business to enrich its shareholders, but it still needs revenues and incurs operating expenses while pursuing its community service mission. It, too, can experience cash flow problems or require considerable cash to fund a capital project or expanded services.

When that happens, the nonprofit faces many of the same choices a for-profit business does, though it draws from different funding sources.

While a for-profit business can offer investors a chance to share in the company’s fortunes by buying stocks, for example, a nonprofit relies on stakeholders who are motivated by public interest rather than self-interest.