A Line of Credit... Just in Case
As of May 2020, FedEx fully transitioned to an independent service provider (ISP) model, requiring route owners to operate both ground and home delivery routes. The new ISP guidelines also require route-business owners to run a minimum of five routes and/or 500 daily deliveries. To acquire the additional routes, many route owners will need to […]
Running a nonprofit or any business without money in reserve can be a very risky endeavor. Every organization, including nonprofits, should employ some financial management practices to ensure financial flexibility and stability. However, knowing how much money a nonprofit should have reserved is vital to its successful, stress-free operation. For nonprofits, it’s no longer a […]
Considering the shoestring budget on which nonprofit organizations operate, a single unexpected and large expense could lead to financial ruin. Therefore, buying the right nonprofit insurance to guard against the worst risk is a wise move for nonprofits. Most nonprofits require Directors and Officers (D&O) insurance and General Liability insurance. Some nonprofits have workers’, and […]
When small business owners need cash, one financing option is business factoring loans. Here’s what to know before agreeing to sign away your outstanding invoices. What is Business Factoring? Factoring is a type of business finance where a company sells its accounts receivables to an invoice factoring company (called a “factor”) at a discount. The […]
When your small business needs money, should you look for a secured line of credit or an unsecured business line of credit? Both have their advantages and disadvantages. Here’s what you need to know. What’s the Difference Between a Secured and Unsecured Business Line of Credit? As a business owner, you face many challenges on […]
When a small business needs money to cover everyday operations, they have a few options, including a working capital demand loan and a business line of credit they can turn to. What is Working Capital? Working capital is officially the difference between a business’s current assets (such as cash, accounts receivables, and inventory) and its […]
Over the last decade, nonprofit organizations have experienced fewer hurdles when it comes to financing and banking options. The financing tools previously only accessible to small businesses are now available to nonprofit organizations as financing institutions realize the importance of helping nonprofits expand. Nonprofits are now the third-largest industry in the United States. Find out […]
When your business needs money, the financing option you choose can impact your business in various ways. So, which is better for your business: a small business loan or a small business line of credit? When Should You Get a Small Business Loan? A small business loan is a type of business financing where a […]
Small business owners face many financial challenges while running their businesses—challenges where a small business line of credit can make a crucial difference. Here are five signs your company needs a small business line of credit. Your Business is Rapidly Growing Running a business with sudden accelerated growth is a good problem to have, right? […]
Building a solid credit history is vital for nonprofit organizations. A nonprofit line of credit helps prove financial responsibility—and boost credit scores. By strategizing and diversifying your nonprofit’s debt obligations (and staying on top of payments), you can build a good credit history in no time. Why Building a Credit History is Important for Your […]