By RaeAnn Slaybaugh In its early life, Sagebrush was a church on the move — for eight years, to be exact. “It’s a funny thing; sometimes in the church world, people want you to have a building to legitimize you,” says Administrative Pastor Bob Church. “And yeah, portability is kind of fun, because it’s pioneering. […]
Read More >Long-term interest rates appear to have bottomed out and are projected to increase by year-end. So, now is the time to consider borrowing funds to undertake important building initiatives or refinancing existing debt.
Read More >As unemployment has declined and consumer confidence has grown, it appears that the post-meltdown reluctance to solicit donors for capital pledges for religious institution expansion is abating.
This is giving way to pent-up demand for worship space.
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This summer — 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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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?
