Financing projects — borrowing vs. capital campaign
When your ministry is planning a project, options for financing are to borrow, have a capital campaign, or save. A mix of all three is also possible.
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CAPITAL PLANS 101: What they are. Why you need one.
“We’re an old church; we just replace things when they break.”
This is the common response when I ask church leaders throughout the nation about their long-term capital planning strategy. While this statement might be true for many worship facilities, for many years, that doesn’t mean it’s the wisest form of stewardship for a church’s physical assets.
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