emergency loan fund

The Nonprofit Finance Fund (NFF) and New York Nonprofit Press recently teamed up for a web chat to discuss nonprofit lines of credit and loans. When should a nonprofit apply for/use a line of credit? What do lenders look for in an application? What is the difference between a line of credit and a bridge loan? Panelists addressed these questions and more during the live web chat.

Check out the web chat here.

Resource: NFF Portfolio Manager, Barbara Libove’s article in the New York Nonprofit Press offers guidance on how and when to use a line of credit appropriately and effectively.

La Piana Consulting’s latest eNewsletter highlights a framework for nonprofits to analyze their organizations’ financial underpinnings and identify practical options for financial restructuring. Why do it? The process can help nonprofits leverage readily available data to inform critical decisions—and thereby respond to financial challenges with the benefit of a deeper understanding of the alternatives available to them. There are five steps in this framework.

Check it out here.

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And be sure to bookmark David La Piana’s blog.