Satellite expansion from the lender’s view
Satellite expansion can help manage a church’s growth in attendance. There are do’s and don’ts for dealing with lenders and church expansion locations.
Read More >church lending Archives - Church Executive
Construction financing, revisited
A true ministry banker understands that business administrators at religious institutions might only undertake a major commercial construction project once or twice in their careers.
A lender with specialized expertise in financing religious institutions will not expect you to intimately understand or fully anticipate the commercial construction and related borrowing processes. Rather, a lender with a depth of experience banking this segment can provide consultation and guide you through the process.
Nevertheless, the ministry will be best served when adequately prepared about what to expect.
Read More >What are banks looking for?
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 >Finance & lending trends: time to expand to new location(s)?
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.
Read More >Best practices: insurance review and planning
The loan underwriting process is centered on determining the level of risk associated with each ministry. As a part of that risk management process, we inquire about the amount of debt, cash reserves, as well as the limits and type of insurance coverage the ministry maintains.
Read More >Does it make sense to refinance right now? (Even though you might be facing a prepayment penalty)
If you haven’t already heard while listening to the evening news, the 15-year historic graphs indicate that while interest rates are still relatively low, they might have bottomed and be on their way up. While many think rates are likely to increase in the future, no one knows how much they will rise or when. Now might prove to be a good time to refinance existing debt and secure a long-term fixed rate if possible.
Read More >Religious institution financing truths—regardless of the lending climate
As the business administrator of a religious institution, you don’t need to be an experienced commercial developer to get a construction loan — you just need an expert ministry bank.
Read More >Church Executive Roundtable: Church Lending & Finance (Part 2)
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.
Read More >Church construction — where do I begin?
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?
Roundtable: Church lending & finance (part 1)
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.
Read More >