5 Reasons Why Nonprofits Should Consider More Than Interest Rates When Evaluating Loan Options

This blog post from IFF examines what nonprofit organizations should keep in mind as they ponder taking on debt:

“To be clear, if all other terms are equal, then a lower interest rate is almost certainly the way to go. But terms can vary widely and require a deeper analysis to understand. Simply choosing the loan option with the lowest interest rate may result in less obvious costs outweighing the benefits of the low rate.  Understanding what these costs are is essential to making the best borrowing decision.”

The 5 Key Elements

  1. Appraisals and Loan-to-Value Ratio
  2. Fees and Expenses
  3. Financial Covenants
  4. Amortization Schedule
  5. Loan Term

Read the post and get the full context.

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