A Line of Credit... Just in Case

nonprofit bank loan

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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