Credit crisis is leaving charities low on cash

Hundreds of charities are finding that their banks are reducing their lines of credit or cutting them off entirely at a time when demand for their services is rising sharply, the New York Times reports. JVA Consulting has always recommended that nonprofit organizations have a source of working capital to get them through tough times. What do you do when your source of working capital is a line of credit? Let us know what you are doing.

This entry was posted in Economy and tagged , , , . Bookmark the permalink.

JVA welcomes your comments and feedback on all Nonprofit Street articles. While JVA will post all relevant comments, it will not post comments that are advertising products or services or those with obscenities. Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s