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.