A Line of Credit... Just in Case
A business line of credit can help you grow your business in various ways. No small business owner can survive the rollercoaster of owning a company without adequate funding. When money is needed right away, a small business loan usually takes too long to get. Alternately, securing a line of credit is a much quicker […]
A nonprofit organization has several funding options in addition to its typical fundraising activities, such as corporate sponsorships, grants, bank loans, and a nonprofit line of credit. Paying operating costs and meeting payroll can’t wait for donations to come in, so it’s crucial to know about the options available to your organization to cover these […]
For small business owners to thrive, having adequate cash flow is crucial, but having access to funds from a small business line of credit can be almost as critical. While traditional bank loans are subject to credit approval and can often take weeks or months to get funded, a small business line of credit can […]
There are many occasions when nonprofit organizations need additional financing and many reasons why a nonprofit line of credit is the best solution to a funding shortage. Charity Navigator, a nonprofit charity evaluator, says nonprofits that don’t spend at least 65% of their budgets on programs and services are not living up to their missions. […]
Need financing for your small business? A small business line of credit might be the solution you’re looking for—without amassing a significant term loan debt. A small business line of credit gives small business owners a flexible financing option with a more straightforward application process. Here’s what you need to know about a small business line […]
One of the most valuable (and flexible) financial tools organizations in the nonprofit sector have at their disposal is the nonprofit line of credit. Where once nonprofit organizations had challenges getting lenders to approve their institutions for a nonprofit line of credit, today loans to nonprofits are as routine as loans to for-profit businesses. A […]
If the past two years taught us anything about saving money, it’s that business survival requires having a substantial cushion in case the unimaginable happens—like a global pandemic. So when your business needs money, what’s the first business loan solution that pops into your mind? Most business owners think a business loan is the answer […]
Whether you’re the leader of a for-profit business or a nonprofit organization, the question of money is never far from your mind. For nonprofits, the challenges are unique. Not only does a steady stream of cash determine if the organization can cover its operating costs, but without adequate funding, the organization’s entire mission is uncertain. […]
Like all businesses, nonprofit organizations need money to keep operating. And, like most businesses, nonprofits eventually seek nonprofit loans to fund an expansion or handle an unexpected emergency. But is this their best option? Beyond fundraising and sponsorship, many nonprofits don’t realize other funding options are available to meet their financing needs, such as a […]
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. […]