Market Niche Insider – Lend a helping hand – How to gauge a not-for-profit’s creditworthiness
Abstract: Not-for-profits (NFPs) are among those hardest hit by the recent recession. They’re collecting less cash from government funding and private donations. At the same time, more individuals are turning to charities for help with basic needs. In supporting their local communities, lenders often donate time to NFPs or add these entities to their loan portfolios. This article offers some helpful tips to follow when lending to a charity.