An emergency business line of credit is exactly what it sounds like. It is revolving credit intended for business-related emergencies. A line of credit has no debt maturity date or repayment plan, rather the borrower is free to use as much or as little of the credit line as they choose. They make monthly payments that include interest only on the amount used from the credit line, not the lump sum. This is much different from a business loan where the business owner would make month payments on the entire amount borrowed, likely at higher interest rates.

Nonprofit Finance Funds and other funding for nonprofits can help nonprofits with a myriad of nonprofit financing options.  Whether you are looking to grow your nonprofit organization, or even out […]

Summary: We are going to focus on a topic that might surprise some people; why the board of directors of a non-profit organization can actually be the executive director’s best […]

Baseball pitcher Satchel Paige once joked that he was so fast that he could turn off the light switch and be in the bed before the room gets dark. Wouldn’t […]

The world of small business can be exciting, stressful, and scary. You must be able to do everything and need to be able to do everything at once. There are […]