To approve a loan, the bank wants to know the project’s cost. But, to get the cost from a builder, you need a design. And to get a design, you need an architect. And to pay an architect, you need money from the bank!
So, who do you call first? And does it matter which builder, architect or bank you call?
On July 15, 2014 — at the National Association of Church Business Administration (NACBA) annual conference — Church Executive hosted a live roundtable on two top-of-mind topics for church leaders: lending and finance.
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By Dan Mikes Contrary to popular belief, it isn’t all about “the numbers” for lenders. Leadership and process are equally important when contemplating the relationship opportunity. Whether your religious institution is contemplating an on-site physical expansion, the acquisition of a satellite facility, or seeking a beneficial refinance of existing debt, knowing how to prepare and […]
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Some fundamental “mechanics” can help a religious organization determine if it’s prepared to borrow.
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At a Church Executive live roundtable, high-level religious financing, compensation/benefits and fundraising experts surveyed the landscape surrounding these key areas of church management.
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At a Church Executive live roundtable, high-level religious financing, compensation/benefits and fundraising experts surveyed the landscape surrounding these key areas of church management.
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As the economy has gradually improved over the past few years, we have seen improvement in the financial health of religious institutions in terms of contributions, net cash flow and cash reserves.
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Essentials for running a successful capital campaign, regardless of the economic climate.
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