Financing

Rethinking Refinancing

With interest rates still lingering around historically low levels, we often have conversations with church leaders who wonder whether this would be a good time to refinance their mortgages. You may have the same question. As you try to answer it, here are a few things to keep in mind. [read more]

Category: Ministry Matters

Now Is a Good Time to Talk with Your Banker

When managing ministry money, every season has its focus. So when is it a good time to talk with your banker? [read more]

Category: Ministry Matters

Business Credit Cards: An Unflashy Way to Be Better Stewards

Not long after I first joined a church staff, the senior pastor said something that stuck. Here it is: Ministry is 90 percent mucking out the stalls. In ministry, much of what you do isn’t flashy. Especially when you’re managing money and facilities. A business credit card is in this unflashy category. [read more]

Category: Ministry Matters

What Will It Take for Your Organization to Get a Loan Today?

We’re all too aware that the rules of the financing game changed forever after the Great Recession. It simply became harder for churches and other ministries to qualify for loans. What about today? [read more]

Category: Ministry Matters

Should Your Ministry Rent, Build or Buy Your Facilities?

It’s a common question for growing ministries. You’re either bursting at the seams or at the 80 percent threshold that says it’s time to find more space or stop growing. So what’s the answer? [read more]

Category: Ministry Matters

Refinancing: Do Your Numbers Add Up Today?

A church with a good track record for managing finances wants to refinance their mortgage early to take advantage of low interest rates. Their cash flow and liquidity have been historically strong, as has... [read more]

Category: Ministry Matters