Posts Tagged 'lenders'

Video: Bible Baptist Church in Creedmoor

Bible Baptist Church Deacon Bryant Inscoe relates the hurdles the church faced in trying to line up a loan for their project. They church found a loan with Coastal FCU, who made this video, but their story shows just how tight credit markets are, and how difficult it can be for small churches especially to [...]

Video: Kingdom Comfortable

James Wilson, renowned Poetry slam performer in Austin, TX, performs an original spoken word piece about the cost of our lives in personal debt, and the kingdom we build for ourselves without realizing it.
I thought this was a great piece of poetry and reminds us to be careful when choosing debt and debt instruments to [...]

Achieving the Vision: Church Leasehold Improvement

Second Church needed to build some leasehold improvements. They came Darra Consulting for advice and help getting competing bids from lenders.

Achieving the Vision: The Lease/Buyback Option

First Church had a problem. During the boom years of lending, First Church had borrowed $10 million to construct a beautiful church facility in an up and coming neighborhood. But then lean times hit, the economy went into recession, and First Church was unable to find a new bank willing to give them a permanent loan for the amount they needed.

Why Do Banks Charge Interest?

The charging of interest is a necessary part of the church lending business as it adds value to the lender and borrower both.

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