A Line of Credit... Just in Case
As an executive director of a nonprofit board committee, you are surrounded by multi-talented individuals that are determined to shape the future. The future of your nonprofit is heavily reliant on successful board performance to carry over into the projects and initiatives the nonprofit is hoping to execute. Board members are undoubtedly leaders that employees […]
As the Executive Director of a nonprofit, you might be wondering what type of loans for nonprofits are there? You will be happy to know that there are many types of loans for nonprofits. However, approval will depend on where you apply and the type of loan that you need. While small businesses have been […]
Board members for nonprofit organizations have immense responsibilities. You are expected to oversee daily activities, adhere to current bylaws, and ensure that finances are stable. Should a board member with these responsibilities also be allowed to lend money to their nonprofit organization? The mindset of a board member should be to see your nonprofit succeed. […]
Article summary: Your operating working capital is how you make payroll, purchase supplies and handle your daily operations. With so much at stake, it’s no wonder companies like yours are always seeking to improve this number. There are several simple ways to do this. Learn what they are so you can find what works best […]
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. […]
You should not judge a nonprofit by how it operates when things are good. How a nonprofit handles challenges will tell you whether it can stand the test of time. There are typically three top financial challenges nonprofits face throughout their lifetime. Having the right resources can be the difference between success or failure. They say that […]
Many nonprofit organizations might think that it would be logical to get a loan from a board member or a family member instead of going to a bank. Maybe your 501c3 has a board member that also works for a bank and you think it would be simple to get a loan there. However, there […]
You run a nonprofit and are doing great work for the community. Most likely, you have even more terrific ideas to help people that you cannot implement because you are waiting for a nonprofit grant from the government. Thanks to Financing Solutions, help is here. Waiting for a nonprofit grant can greatly impede your progress […]
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