Debt isn’t a dirty word — Why your nonprofit might want to borrow

Description

Abstract: Debt is an integral part of many for-profit companies’ strategic plans, yet it has traditionally carried a stigma in the nonprofit world. That view is changing, as more organizations borrow money for major capital purchases, new program funding — even to manage current cash flow. But not all nonprofits qualify. This article discusses strategies for getting a loan as well as some of the risks associated with debt. A sidebar identifies several loan sources.