A Line of Credit... Just in Case

Nonprofit business loans

Nonprofit Business Loans

Nonprofit Business Loans

Things have finally changed for nonprofit organizations regarding nonprofit business loans. Business loans used to only be available for for-profit businesses but, over the last few years, some financing companies have really started to “get” nonprofits. In reality, some of the most popular business financing options have always been perfectly suited for nonprofits. This is […]

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How Are Nonprofits Using Their Line of Credit

How Do Nonprofits Use Their Line of Credit Mostly used for payroll #1 reason: funding is delayed and you have to make payroll Your employees count on each paycheck Illegal to miss payroll You risk fines You risk an audit Your risk employees leaving Line used for unexpected expenses Line is inexpensive Not fun asking […]

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Where to Get Business Loans for Nonprofit Organizations

Article summary: Many people think there is no need for business loans for nonprofit organizations. On the contrary, nonprofits have revenue, payroll and expenses just like for profit businesses. However, commercial banks are no longer your only source for this type of funding. It’s important to know where to go, what terms you can expect, […]

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What is a Nonprofit Line of Credit Being Used For Video

Summary: Financing Solutions shares the top 4 reasons how a nonprofit line of credit is used.  Nonprofits use their Line of Credit typically to make payroll when there is a delay in reimbursement funding, when there is an emergency that has to be addressed, to start a new program early when the nonprofit knows that […]

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Loans for Nonprofits: Should a Nonprofit Get a Loan?

At Financing Solutions (www.financingsolutionsnow.com), they get calls from many executive directors of nonprofits who often ask, “Can a nonprofit get a loan?” The answer is yes, but it’s not always so simple. It really depends on where you apply and the management of your organization. In this article, we will explain to you the various […]

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Can a Nonprofit Get SBA Loans

The Small Business Association (SBA) has an important role in providing access and opportunity for small businesses. A not for profit is a small business, so it begs the question: Can a nonprofit get SBA loans? Approximately half of the American workforce works for small businesses, including nonprofits. As the backbone of our nation, these […]

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Why Banks Are Reluctant to Give a Small Business Loan to a Nonprofit

To lead a nonprofit, you cannot be reluctant. You must face your fears, such as the fear of rejection and failure, head on. It’s a shame then that banks are reluctant to give a small business loan to a nonprofit organization. Many executive directors are reluctant to discuss the need for fast nonprofit funding. Sure, […]

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Where Non profit Organizations Can Get a Business Loan

This is when you need to know where nonprofit organizations can get a business loan.

You cannot measure a nonprofit by where it stands during times of prosperity and well being. The true test comes in moments of despair and adversity, when the nonprofit finds themselves in need of business financing. These times are likely when you need to know where non-profit organizations can get a business loan. A business loan […]

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Business Loans for Nonprofit Organizations to Meet Payroll

Why There Needs to Be Business Loans for Nonprofit Organizations to Meet Payroll

They say that life is a challenge and you must meet it head-on. But what do you do when that trial involves not having the cash to pay your employees? In this case, you may need to find business loans for nonprofit organizations to meet payroll. When nonprofits are struggling to make payroll, some choose […]

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Financing Solutions is the Center for Nonprofit Business Financing

Why Banks are No Longer at the Center for Nonprofit Business Financing

When you are in charge of a nonprofit, your life centers on your mission, your programs and obtaining funding. Therefore, you may find it helpful to know that Financing Solutions is the center for nonprofit business financing. They say that whatever is at the center of your life is the source of your security, wisdom […]

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