Monday, August 3, 2015
As lawmakers in Harrisburg continue to negotiate Pennsylvania’s state budget, social service agencies that provide services and are reimbursed by public-sector dollars can ‘hit the wall’ financially in months or even weeks. The longer the budget is unresolved, the more acute the cash-flow challenge. To address this, The Forbes Funds and Bridgeway Capital are partnering to ensure that local nonprofits have a new source for short-term credit. Loans will be approved for 90 – 180 days, with a turnaround process of three weeks or less. Read more here.
