A Line of Credit... Just in Case
Over the last decade, the same financing tools that small businesses have used are now commonly used at nonprofit organizations. Let’s talk about how nonprofits are using various types of financing and what are the best banks for nonprofit organizations overall when considering bank accounts and loans. It all comes down to what your banking […]
If it sounds too good to be true, it probably is. That quote is especially true when it comes to lenders offering no doc business lines of credit. I have 25 years of experience as a small business owner building 6 companies and I’ve acquired first-hand experience dealing with banks, factors, brokers, and alternative lenders. […]
As the Executive Director of a nonprofit, you might be wondering what type of loans for nonprofits are there? You will be happy to know that there are many types of loans for nonprofits. However, approval will depend on where you apply and the type of loan that you need. While small businesses have been […]
There are two types of scenarios that cause a need for a solution for payroll funding. Scenario one is where you have time to look for and review options for payroll financing or working capital to grow your business. Scenario two for funding options is when you have a hiccup in your cash flow and […]
To start a small business, you begin with your ambition and vision but in order to keep being successful, many want a business credit line with no personal guarantees. A business credit line is also called a line of credit. All commercial banks require a personal guarantee (PG) but there are private financing companies that […]
Many of our clients are dentists who have used dental practice loans to start, manage, and grow their dental practices. Dental schools are great with teaching you the medical side of running your practice. However, rarely do dental schools teach about the business side relating to good cash flow, working capital, and business plans. Bank […]
There are nonprofits lenders who provide loans specifically to nonprofit organizations. This article will serve as a guide to help you save time and money. Let’s put your nonprofit organization in a better position to get the desired business loan, mortgage, or Line of credit. Nonprofit Financing Options: business loans, lines of credit or mortgages As a nonprofit grows, it is […]
Setting up a business line of credit is often not on top of a business owner’s mind. That is until you need an instant business line of credit for working capital. So, let’s not waste any time and get you the information you need about setting up a small business credit line. How to get […]
Board members for nonprofit organizations have immense responsibilities. You are expected to oversee daily activities, adhere to current bylaws, and ensure that finances are stable. Should a board member with these responsibilities also be allowed to lend money to their nonprofit organization? The mindset of a board member should be to see your nonprofit succeed. […]
It’s nice to know that your business or nonprofit is an essential business according to the government during the corona virus outbreak. It would be even nicer if a business or nonprofit could get a fast, essential business loan! Luckily, since the recessions after 9/11 and 2008, businesses and nonprofits can get a business loan or line of credit quickly. You now have more options than in the past. […]
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