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Non Profit Organization
by atjackson5, Window Shopper
- Created: January 25, 2013, 10:05 pm
Hello!!
My company just got its' NPO, and we're in the process of purchasing
property. In order to get the property, we need to borrow 30k, for down
payment. As I understand it, all profits are supposed to go back into the
company, aside from payroll and bills. How do I structure the repayment of
the loan to keep us from looking like we're misappropriating funds? Should I
just add this in our bills? The loan is coming from our home equity and two
family members.
SBA Community

BizResearcher | Window Shopper | 1/29/2013 - 1:21 pm
financial records so you report the loan and the payments appropriately.
JGabriel | Community Moderator | 1/28/2013 - 12:05 pm
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