Wednesday, November 4, 2009

Borrowing - your thoughts

Sometimes non-profit organizations need to borrow money to meet operating expenses, like many for-profit businesses. A prudent manager will see borrowing as a temporary solution. I think it is OK for a non-profit to borrow as long as the spending is income-based; that is, there is reasonable assurance that income is sufficient to repay the debt.

What are your thoughts about non-profits borrowing?

Posted by Jerry Stai
NRS, Minot, ND

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