A Line of Credit... Just in Case
Why do most organizations automatically apply for a bank loan to get them through a cash-flow rough patch when a church line of credit could better fit their needs? The reasons we most often hear vary from “that’s how we’ve always done it” to not understanding how a church line of credit works. Here’s what […]
Are you looking to grow your organization with operating grants for nonprofits? Grants come in all forms and sizes, each with its own guidelines, requirements, and purposes. Winning a grant award can feel like winning the lottery, except grant applications take months of hard work and documentation instead of the luck of the draw. Plus, […]
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 […]
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