Exeter loaned £100,000 from the Professional Footballers' Association and will pay it back in August, the club have revealed.
The Grecians announced on Monday night that they had been forced into receiving a 'short-term, temporary loan' from the players' union after a fall in attendances and season ticket sales.
Manager Paul Tisdale has already decided to let a number of players, including number one goalkeeper Artur Krysiak, leave the club this summer as they cut costs.
But they will now be under a transfer embargo and unable to add to their squad.
A club statement read: "The club had budgeted for the summer months as usual, however, due to many reasons; with the postponement of the New Year's Day fixture v Wycombe, quickly followed by the Morecambe postponement being major elements, along with a lower than expected season ticket income through March and April we realised that with limited working capital available, a number of outstanding debts and no ability to borrow from the bank the club was left with no other option than to take a loan of £100k from the PFA in early June.
"There will be no impact on the day to day running of the club as the loan is required only to assist with cash-flow.
"The budget for the coming season has been set on the basis that we will establish a return to our more usual funding pattern for the year as a whole. The loan will be repaid to the PFA in early August."