A Line of Credit... Just in Case
When seeking church financing, church officials need to understand their options and decide whether a church loan or church line of credit would better serve their immediate funding needs. Here’s what to know about both options so your organization can make an informed decision. The Money Hunt For A Church Loan The decision to obtain […]
The short answer is, “No, you can’t,” according to the Small Business Administration (SBA). But, while the PPP loan may no longer be available for businesses, nonprofits, or churches, there are still plenty of accessible small business funding opportunities if you know where to look. We can help. Here’s what to know about PPP loans, […]
Every business runs short of working capital at some point in its lifetime; consequently, every business owner should know how to obtain a working capital loan. Just like a personal loan can help consumers make ends meet, a business working capital loan allows companies to cover daily operating expenses and short-term expenses such as rent, […]
PO financing—or purchase order financing—is one way a small business can fulfill a customer’s order even if it can’t afford the supplies to produce the goods. Here’s what we mean: Let’s say your company wins the manufacturing contract of your dreams. It’s a huge order, and the customer is ready to send you the purchase […]
Is your house of worship in need of church financing? Do you have an older facility in desperate need of repair or renovation? Or do you need money so you can expand to provide for a growing community? Perhaps you’ve experienced damage from water, fire, or earthquakes. Whatever the reason, the research for church financing […]
Profit margins are the key to your success. If you charge too little your company will struggle and if you charge too much, you will be priced out of your market. If you are doing something really right and different in your business then your profit margins should be higher than your competition. The problem […]
Whether you’re looking to hire your next nonprofit executive director or contemplating taking the position in a nonprofit organization, it’s vital to the success of the nonprofit company to fill the seat with a worthy and skilled leader. The best nonprofit executive directors do more than just fulfill the nonprofit executive director’s duties. Executive directors […]
Nonprofit boards are not only the principals guiding the organization’s management, policies, and financial strength, but the heart and soul of the nonprofit, as well. Nonprofit board members have an obligation to make sure everything possible is being done to further the organization’s mission by offering comprehensive, ethical, and legal leadership. Nonprofit boards are also […]
Can nonprofits apply for SBA loans to get funds for their nonprofit? The Small Business Administration (SBA) traditionally plays a vital role in providing guidance and funding for small businesses—but unfortunately, the SBA does not issue loans for nonprofits. A nonprofit can be a large organization like the American Red Cross or a small nonprofit […]
With the economy expanding, business owners are in need of reliable financial resources to respond to rising consumer/business demands such as equipment financing, payroll funding, and other working capital demand requirements making business grants and loans a necessity for minority-owned small businesses. In the U.S, minority-owned businesses generate approximately $1.8 trillion annually. Despite significant revenue […]
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