Are conditions and terms of a loan to a non-profit organization public?

Discussion in 'Growing and Managing a Business' started by petmeadow, Aug 1, 2011.

  1. petmeadow

    petmeadow
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    My school is a non-profit and are soliciting funds to repay a loan to bank of america. But they won't tell us what the terms and conditions are. We keep hearing different numbers and dates.
     
  2. Fergal

    Fergal
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    petmeadow have you asked the bank for a copy of the loan contract? If they can't produce a copy of a loan contract that obliges the school to pay the loan, why would the school pay it back?
     

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