Refinancing — decoding the process
Amortization. Balloon payment. Adjustable rate. Do these terms have you feeling like Dorothy in Oz? (“Lions and tigers and bears! Oh my!”)
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Amortization. Balloon payment. Adjustable rate. Do these terms have you feeling like Dorothy in Oz? (“Lions and tigers and bears! Oh my!”)
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In 1985, Dr. Mark Harden was beginning a career in law enforcement, serving the Detroit metro area. Uniquely, he brought a commitment to ministry to this public servant role, as well. The two callings unquestionably strengthened the outreach and community service offerings Dr. Harden was able to create and offer in his law enforcement role. They also helped to lay the foundation for his informed, diverse and proven approach to seminary leadership.
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The capital campaign has always been a powerful way for church leaders to focus attention and resources toward reaching a God-inspired vision for your ministry. And while the timeless principles will never change, the best approach to funding your vision has always — and will always — evolve as the landscape of ministry evolves.
In fact, we’re living through one of those evolutions right now.
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Developing a plan for physical plant expansion for a growing ministry is complex and lengthy. Assessing current and future space needs, and conceptualizing a design that functions well with your ministry’s personality and your development site’s physical characteristics, the process must synchronize with financial capacity.
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If you ask Vincent Gabriel Antonini, CTS, National Sales Support / Business Development Manager for DPA Microphones in USA, instrument microphones should receive the same level of consideration and care as the pastor’s microphone. “Some people respond better to music, and some to the spoken word,” he says. “Both options tell the story; they’re both interpreting the Word.
Read More >Whenever building a new facility, church leaders and church building committee members share a common concern regarding stewardship: balancing building needs with adequate funding.
The solution to this dilemma usually comes down to a short-term decision based on the “lowest bid.” This option offers a strong argument when justifying most building decisions — but, as many worship facilities have found out, it might not be the smartest long-term answer.
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How much do you know about cybersecurity and cyberliability? Is it enough to keep your church safe from massive data or financial loss?
Read More >Over the past 30 years, I’ve sat in business meetings with pastors and board members and watched them cringe (literally) when required to review yet another financial report from the business office. Their eyes glaze over, and they begin doodling and drawing pictures on the financial statements.
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