Nonprofits can borrow, but finding a lender may be tough

Nonprofits can borrow, but finding a lender may be toughBorrowing isn’t just for businesses. Many not-for-profits borrow money for major capital purchases, new program funding and even to manage current cash flow. But if you’re hoping to borrow, it’s important to understand that there are likely to be obstacles ahead, including finding a lender that offers reasonable rates.

Matchmaker, matchmaker: Choosing the right lender…

Matchmaker, matchmaker: Choosing the right lenderIt’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial opportunity for the lender as well. So you should be just as picky with your lender as it is with your financials.