The New Year brings an opportunity for churches to reflect on what God has already done and look ahead in faith to what He will do.
It is no surprise that God calls His people to steward their resources faithfully. 1 Corinthians 4:2 states, “Moreover, it is required of stewards that they be found trustworthy.” The Church is no exception here; in fact, a church’s financial behavior should serve as a positive example to the community.
Sometimes church financing can be complicated. At the BCLC, we try to simplify things. The abbreviated list below outlines some of the typical documents needed for the loan approval and loan closing process, along with loan closing cost estimates.
Established in 2011 as a church plant, One Church – located in Elk City, Oklahoma – rapidly outgrew the rented space they’d started in. By the next year, literally within months, they were confronted with the need for a new location.
We love to be part of a church’s transformation, even when they’ve already done a lot of the work. Such was the case when we encountered Porter Memorial Baptist Church in Lexington, Kentucky.
In the great Exodus, Moses led the Israelites out of Egypt, across the Red Sea, and into the wilderness. During their encampment at Mount Sinai, God gave Moses the Ten Commandments and specific instructions on how to build a portable tabernacle.
A church capital stewardship campaign is an important, if not essential, part of church expansion projects, such as construction, debt reduction, and renovations.
Managing church loan mortgages can be a challenge for church business administrators. If your church is found with loans that are difficult to manage, we’ve listed below four strategies to help reduce your debt in a timely manner.
Learn the keys to maintaining an effective pipeline, creating communication strategies, and growing your online presence.
A growing church is only as strong as the foundation it’s built upon. Here are 7 important rhythms for churches to maintain as they grow.
While taking on a loan may seem like the furthest thing from a spiritual practice, asking these 3 important questions as a church can provide wisdom and discernment for the future.
A church-wide construction project is a large undertaking for a church body, but can be assisted with the help and experience of a trusted resource. The following 5 steps are important guidelines to make sure that the process is as smooth as possible.
Taking on a church-wide loan can be a daunting experience, especially if it is the first time for your church. As your congregation grows, however, it may be a necessary step in maintaining building capacity and further reaching the community. Here are a few helpful tips to consider.
The Broadway musical Hamilton is an historical story about Alexander Hamilton and his impact on the formation of our country told through the eyes of Aaron Burr. Although some of the music and dialogue of Hamilton are not ready for Wednesday night prayer service, the song “In the Room Where it Happens” focuses on the access to power that comes directly as a result of being present in the room.
When paired with healthy budgeting practices and a humble leadership team, church loans can be extremely helpful in facilitating necessary expansions or improvements to church buildings. However, it is important for church leaders to be aware of these various dynamics in institutional lending before taking on a church loan.