A Line of Credit... Just in Case
For nonprofit executive directors, it’s natural to want to open new doors, do new things and find new ideas on how to fund a nonprofit. This is the only way to keep moving forward. If you are an established nonprofit with revenue over $300,000 per year then you are already past the threshold of knowing […]
There is a ton of pressure on board members. Your organization expects you to oversee its activities, maintain adherence to bylaws and keep track of the financial condition. But should the same board member loan money to their nonprofit organization as well? As a board member, you want your nonprofit to succeed. Therefore, when there […]
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, […]
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 […]
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 […]
No one ever said life would be easy but you probably weren’t expecting it to be quite this hard. The same can be said for the nonprofit business world. Starting your business was surely not simple but you didn’t know that nonprofit 501c3 businesses would have such a hard time getting a bank loan. As […]
In the nonprofit world, your business survives because of what you get but is defined by what you give. Consequently, in order for your business to keep giving, you may need to get small business loans for nonprofits. Anne Frank said, “Nobody need wait a single moment before starting to improve the world.” Unfortunately, you […]
When running a nonprofit business, you lend a helping hand to those in need. However, when you need help, who is lending to nonprofit organizations? Since nonprofits do so much good, lenders should jump at the chance to help them continue their mission. In fact, the opposite is true. When it comes to finding out who […]
It has been said that big things often have small beginnings. For example, just think of all the amazing things your organization could do with small business loans for nonprofits. Sometimes, all it takes for a nonprofit organization to thrive is a small bit of assistance. That’s why small business loans for nonprofits are so […]
Good nonprofit business owners know that it takes dedication and a strong mission to help change the world. The smart ones know that a line of credit can help their 501c3 organization get there. Every 501c3 (non profit) is different. Nevertheless, what they all have in common is the need to manage cash flow. Learn […]