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Nonprofits: Do your due diligence before taking out a loan
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Description
Abstract: Most Americans take out loans at some point in their lives — whether it’s to buy a house or to grow a small business. Even nonprofit organizations commonly apply for loans. Yet, just because other nonprofits have debt doesn’t mean an organization should take out a loan — at least not before performing thorough due diligence. This article provides some factors to consider.
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