A Line of Credit... Just in Case
No matter how generous your nonprofit organization’s donors are, there will inevitably come when the organization needs one or more nonprofit loans to keep its operations and programs growing. Nonprofit loans can help with the many expenses nonprofits manage and incur, such as rent or mortgage payments, supplies, utilities, transportation, payroll, marketing costs, and more. […]
There’s no doubt waiting on unpaid invoices puts your business in a cash flow crisis which can cause long-term harm to your company. Invoice financing for small businesses (also called invoice purchasing) is one way a company can speed up getting paid for outstanding invoices—especially when cash flow is low. Every business struggles with cash […]
When it comes time to finance your church project, preparation is critical. Understanding church loan requirements can help your organization secure the funding you need. Whether the organization is a church, temple, religious school, convent, monastery, or other religious property, most religious organizations seek out a loan for church building projects. Church loan financing might […]
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 […]