Why It’s Better to Get a Business Line of Credit Instead of a Personal Line of Credit

A famous saying goes, “Good, better best. Never let it rest. Until your good is better and your better is best.” In other words, it’s better to get a business line of credit instead of a personal line of credit. This is how you take your business from good to better. If you stick with […]

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Why Banks Will Not Loan to Nonprofits

You could spend all day asking why banks will not loan to nonprofits. Nevertheless, a better question would be how you can get a nonprofit loan anyway. In the nonprofit world, asking the right questions can make all the difference. You need to know why banks will not loan to nonprofits, how funding cuts may […]

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Can a Nonprofit Organization Write Off Interest Payments on a Loan

They say that to know your own story, you must write it yourself. If you are doing your own taxes, you must know can a nonprofit organization write off interest payments on a loan. Although nonprofit organizations are tax exempt, there are still issues with the IRS that you must contend with in order to […]

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Where a Small Business Can Find an Unsecured Creditline

Sometimes, it takes a true crisis to find out what you are really made of. If your business is in danger of running out of cash, you must do what you can to save it. This might mean finding an unsecured creditline. Life is not easy for the small business owner. Financial resources like a […]

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A Line of Credit is Often a Good Idea When You Are Waiting for a SBA Loan

The world of business can change in an instant. Sometimes, all it takes is one good idea to transform your company from okay to outstanding. That’s why you should know that a line of credit is often a good idea for businesses waiting for an SBA loan. Ideas are a dime a dozen but good […]

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Where Non profit Organizations Can Get a Business Loan

You cannot measure a nonprofit by where it stands during times of prosperity and well being. The true test comes in moments of despair and adversity. This is when you need to know where non profit organizations can get a business loan. While non profit business loans are hard to come by and government grants […]

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You Don’t Need to Get a Home Equity Line of Credit (HELOC) for Your Business

In business, you don’t give up on your dream just because you have a nightmare. To save your business, you may feel desperate enough to risk everything, including your home. However, you don’t need to get a home equity line of credit (HELOC) for your business. While you might have to make sacrifices for your […]

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If Your Nonprofit Files a 990 You Can Get a Line of Credit

Many people believe nonprofits have it easy. A volunteer workforce, government funding and not having to pay taxes seems like a dream come true. The truth, of course, is that you do have to pay your employees, funding is scarce and it’s necessary that your nonprofit files a 990 with the IRS. While there are […]

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Easier to Get Line of Credit is Helping Small Businesses Manage Business Finances

The world of small business never gets easier; you just get better at navigating it. When you know that getting a line of credit helps small businesses manage business financing, you are well on your way to smooth sailing. They say you shouldn’t wish for easier problems. Instead, you should acquire the right skill set […]

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