A Line of Credit... Just in Case

Nonprofit MBA

The Nonprofit MBA purpose is to provide new business insights and fresh creative ideas for Nonprofits.

NonprofitMBA Podcast 1.1: Keeping it Personal As Your Nonprofit Grows

Pierrette Downer, Founder and Executive Director of BFRIN (Being Fitted Right IS Necessary) talks about the changes she made when her Nonprofit grew much bigger and she noticed that clients were being treated as numbers and not people. 

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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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Nonprofit Looking for a Grant Should Also Have a Line of Credit

That’s why a nonprofit looking for a grant should also have a line of credit.

Although leading a nonprofit organization can be challenging and stressful, there are also numerous joys and successes. There are always two sides to every situation. That’s why a nonprofit looking for a grant should also have a line of credit. For any business, experts recommend that you avoid putting all your eggs in one basket. […]

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A Loan or a Line of Credit. Which is Better for Your Nonprofit

What is the Difference between a Loan and a Line of Credit?

The nonprofit world is full of choices and decisions.. Should you spend your resources on programming or fundraising? You may be wondering whether a loan or a line of credit is better for your nonprofit as a result, it’s important to learn the pros and cons of each so you can make the selection that […]

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How a Line of Credit Can Really Help Nonprofits

Ways that a Line of Credit Can Really Help Nonprofits

A positive attitude, a solid mission, and dedicated employees can really make a difference for your nonprofit. You should also learn how a line of credit can really help nonprofits. Leading a nonprofit is often not filled with huge triumphs, but little victories that add up. That’s typically what a nonprofit is really all about. […]

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