Exeter City chief executive Guy Wolfenden has thanked supporters after a number of them contacted the club to offer their financial support.
City are currently under a transfer embargo having taken out a £100,000 loan from the Professional Footballers' Association (PFA) to help with running costs over the summer.
The loan was taken out in early June, but since news of it broke Wolfenden has been contacted by a number of supporters who have said they would be willing to lend the club money to help pay off the PFA and lift the embargo.
Wolfenden said the club are still exploring all options, but was confident of paying back the PFA loan by early August. However, he admitted the support offered by fans was great news for City.
"The club is working through the issues and we are positive that we have got a way forward," he said.
"So at the moment we wouldn't be looking to do anything particularly different, but it is great to know that there are people out there that are willing to be that supportive for the club. We have had a number of individuals contact the club and we are working towards how they can assist the club and how the club can utilise that in the best way.
"What we don't want do is just jump at one thing and then put ourselves in any other situation. We want to deal with it as best we can."
One of the fans to contact the club with an offer of help was Alistair Yates – a founding member of the Exeter City Supporters' Trust and its first chairman.
He and a handful of other fans had got together with a view to loaning the club the money needed to pay back the PFA on a interest free basis.
"I had a call from Julian Tagg (City's vice chairman) last week," said Yates. "He basically thanked me for the loan offer, which was nice, and asked me to keep my powder dry for the time being, rightly or wrongly.
"I believe that the club are in a situation where they believe they don't need money from supporters to help pay off the loan.
"I just said people are there to help. There is a handful of people who have shown definite interests to me and I believe there are other people out there as well.
"My view at the moment is that the PFA loan is damaging the club, because they can't operate in the transfer market. However at the moment the fans are in a bit of paralysed state in terms of what we can do.
"The club have said they will come back if they need it. I am not sure when or if that will happen.
"However, you can imagine the fans would be dissatisfied if, in a few weeks' time, they are still in the same position that they are in now and they are not signing players for the new season.
"At the end of the day the fans just want the best for the football club."
Yates also contacted the supporters' trust – the majority shareholder of the club. He felt the response he got was less than satisfactory.
"The trust wrote to me and said 'in respect to the 'donation' we actually think fundraising in another area would be more appropriate'," said Yates. "I went back and told them my offer was a loan not a donation and would need to be paid back.
"As far as I am concerned, the supporters' trust needs to communicate better. I think if somebody offers some money in support the least you could expect is a quick phone call in this day and age – even if that is just to say thank you but no thank you. We are meant to be a community club after all."
