Taking Out a Loan for Fundraising

Is it a good idea to take out a loan to help kickstart a fundraising program? Stacey and Andy have some thoughts! Also this week, we talk about finding a bank that understands how nonprofit organizations work, and what to do if you discover that your organization’s bylaws don’t actually comply with state law. While you’re reading this summary, maybe consider giving us a review to help spread the word (links in the show notes), or even sending a question to questions@nonprofiteverything.com!

  • Banks keep asking us for nonexistent documents when we’re trying to set up a checking account. Help! – skip to this question
  • Should we take out a loan to kickstart our fundraising program? – skip to this question
  • What should we do if our bylaws don’t mesh with state law? – skip to this question
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