A Line of Credit... Just in Case
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 […]
There are numerous nonfederal and federal grants for nonprofits ready for the taking, but do you have what it takes to be a grant success story? If you are just starting to research how to get grants for nonprofits, the amount of information can seem overwhelming or even intimidating. The key is not to stress […]
Are you seeking growth financing for your small business? Before going into significant debt or taking on investors, have you considered a small business line of credit? A small business line of credit differs from traditional business loans, invoice factoring, short-term loans, and credit card financing in many ways, but most importantly, it could give […]
There comes a time in the life of every small business when a quick short-term business loan can make the difference between business growth and business failure. Whether you need an infusion of cash to buy equipment or cover an unexpected cash flow shortage so you can make payroll, a short-term business loan provides the […]
Like their for-profit business counterparts, nonprofits had quite a chaotic year in 2020. Not only were their already limited resources stretched by an overwhelming need—and demand—for their services, but nonprofit fundraising took a big hit as consumers and businesses pivoted to survival mode and considerably cut back on charitable giving. The National Council of Nonprofits […]
With the economy on the upswing, entrepreneurs are seeking funds to meet increased consumer demand, leading to a need for business loans for minorities and women. In 2020, a year of infectious disease and economic crisis, many small businesses struggled to keep their doors open. Yet, more Small Business Administration loans for minorities and women […]
Most business owners don’t realize how important cash flow forecasting is to their businesses until they realize their businesses may be in trouble—and short on cash. In a QuickBooks report, 61% of small business owners surveyed reported they regularly struggled with cash flow issues, and 32% said cash flow issues hindered their ability to pay […]
Even if you have an accountant, every business owner should know the difference between a balance sheet and an income statement—that’s called smart money management. Actually, a business owner not only needs to understand the purpose of a balance sheet and small business income statement but also all the critical indicators of their business’s finances. […]
US lenders who service nonprofit organizations have always been challenging to find if you are a nonprofit. However, some nonprofit lenders have started to give 501c3’s the same business loans and business lines of credit that for-profit businesses have had for decades. What is now different is that these lenders are not the ones you […]
Quick Line of Credit Quote