A Line of Credit... Just in Case

COVID-19

Does the SBA Offer Government Loans For Nonprofits

loans for nonprofits

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 […]

Tags:

Read more

A Guide to Receiving Grants & Loans as a Minority-Owned Small Business

Minority Small Business Grants and Loans

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 […]

Tags:

Read more

Your First Small Business Line of Credit: What to Know

small business line of credit

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 […]

Tags:

Read more

Short-Term Business Loans: 5 Things You Must Know Before You Borrow

short term business loan

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 […]

Tags:

Read more

Nonprofit Fundraising in 2021, What Happened and What’s Going to Happen

nonprofit fundraising

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 […]

Tags:

Read more

The Reality of Getting Business Loans for Minorities and Women

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 […]

Tags:

Read more

Why Cash Flow Forecasting Is Key to Your Small Business Success

cash flow forcasting

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 […]

Tags:

Read more

The Difference Between a Balance Sheet and an Income Statement (video)

Difference Between a Balance Sheet and an Income Statement

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. […]

Tags:

Read more

Nonprofit Lenders for Nonprofit Organizations You Should Know About

nonprofit lenders

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 […]

Tags:

Read more

Quick Line of Credit Quote