Using Loans: A 101 Guide To Borrowing For Nonprofit Organizations

Nonprofit organizations are founded and operated with a focus on a mission to serve their communities. This makes them different from businesses, which operate with a goal of making a profit for their owners. Yet nonprofits share many characteristics with businesses—both have revenues, expenses, personnel, and facilities. Like businesses, nonprofit organizations sometimes need cash in the form of a loan to operate their programs effectively. Astute managers and boards understand that loans can be a tool that can help their nonprofit grow and succeed.

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Post date: June 24, 2014
Topics: Best Practice | Finance | Nonprofit Basics

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