What is pledge financing?
Pledge financing is a financing transaction whose primary source of repayment is pledges/gifts to the organization. For a community organization, the benefit of pledge financing is the freedom to move forward on a project without waiting for pledges promised in the fund-raising drive to be converted to cash. Return to Top What is the difference between revolving and non-revolving credit? A revolving credit means that a borrower can draw down funds for business purposes, repay the amount drawn and draw again up to the maximum agreed upon. In a non-revolving credit, a borrower does not have the flexibility to redraw on the funds paid. Return to Top What is the SBA? SBA stands for Small Business Administration, a federal agency dedicated to helping small businesses get started and grow. The agency provides NCB, as an approved SBA lender, with guarantees on loans of up to 85 percent. For NCB as the lender, this means that we can be more flexible in the financial solutions we offer our smal
