
HVAC problem solved, ministry future bright
CIF has a framework to help in a way that doesn’t hurt churches … they want churches to stay in a good financial position
Continue ReadingSometimes, 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.