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  • Getting financing in today’s economy

    February / March 2010
    Newsletter: Nonprofit Agendas

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1103

    Abstract: Nonprofit organizations, large and small, often consider borrowing money only as a last resort. But there are certain times when going to the bank is the right answer. This article discusses the steps necessary to prepare a loan application, and discusses the different kinds of loans available (line of credit, term loan, and tax-exempt bond) and the circumstances in which each may be most appropriate. A sidebar lists three bond options made available under the American Recovery and Reinvestment Act of 2009 that allows nonprofits to access more attractive and cost-beneficial tax-exempt financing through 2010.

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