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 small business customers. Return to Top What is working capital? Working capital is a business’ current assets less current liabilities. Return to Top What should nonprofits consider if planning to finance pledges? If your organization is seeking to solicit support for an upcoming project through a fund-raising campaign, these are some of the most important issues to consider in looking to le
