No. 9 - Obtain Financing
This is a complete subject in itself as one considers bank loans, bond programs, capital fundraising and
other financing options. However, let me touch on a few down-to-earth thoughts. Know where the
money is going to come from before you start and be careful about borrowing on "faith." I think we
all know of some examples that could prove my point. These days, the bank/ securities regulations
are strict enough to minimize the potential of this problem. Once again, think big and at the same time,
be careful.
On the other hand, don't be a tightwad. I have dealt with many more churches that have fallen into this
trap than those whose vision was larger than their pocketbook. Be sensitive to the pace of growth in
your church. You can kill or cripple the momentum by being too conservative. Furthermore, I do not think
that a church that refuses to go into debt is more spiritual than a church that chooses to get a loan for
their project. Most of the larger churches that we work with, and that are doing great works in advancing
the Gospel, understand the need to step out and stay ahead of the momentum of growth. They are not
fear-driven, but rather, opportunity-driven. If it is necessary to get a substantial loan to help fund their
project, they do so, and in my opinion, with the Lord's blessing.
