Sometimes, church leaders can get heavily focused on the interest rate for a church loan as the sole factor in choosing a lender. No doubt, it is important, but there are also many other factors to consider – such as additional fees, term length, loan covenants, and annual requirements to name a few. It is wise to evaluate all factors beyond just the interest rate to assure wise stewarding of resources both now and into the future.
At CIF, we work with each church to make sure the loan and additional debt service will not harm a ministry. When all is said and done, Kingdom expansion is the goal, not shareholder profits.
Question: Churches exist to do ministry. How does a church balance that overarching mission with the need to save for the unexpected and build up reserves to cover property-related expenses, including maintenance for buildings, updates and expansion? Answer: Being good stewards of financial resources requires prudent planning both now and in the future. We advise… Continue Reading
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The ongoing ministry health of a church is of utmost concern
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Wise counsel and established trust between Christian Investors Financial and two churches in Pennsylvania have contributed to lasting, transparent relationships with communication at the center.
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