Holy Borrowers (eBook)

Equipping Church Leaders for Building Finance

Lisa Miller Autry (Autor)

eBook Download: EPUB

2020
324 Seiten
reMix Publishing, LLC (Verlag)
978-1-7350282-3-1 (ISBN)

Infos

"e;Too many pastors and church leaders have lost countless hours of sleep - and even lost their church buildings - based on what they didn't know before they obtained financing."e; Lisa Miller Autry makes this telling statement at the outset of her groundbreaking book, Holy Borrowers: Equipping Church Leaders for Building Finance. Through economic downturns and recoveries, church leaders have continued to struggle with decisions surrounding building finance - evidenced by undue stress, loan defaults, and even church foreclosures.Holy Borrowers is a much-needed road map for all church leaders and others who desire to become better equipped in financing a congregation's largest tangible asset: Their church building. Written from the unique vantage point of a senior banking executive and pastor's wife, Holy Borrowers delivers a wealth of resources not previously taught in seminaries, and which never should be learned "e;on-the-job."e; Addressing such critical topics as the role of faith, the "e;Five C's of Credit,"e; unique lending requirements for churches, and best practices if a church loan "e;goes south,"e; Holy Borrowers demystifies the bank's lending process. Moreover, the author provides church leaders the necessary tools to evaluate their church's financial position for themselves, before ever approaching a bank! Holy Borrowers is an invaluable resource for all those who lead their churches in the 21st century with no prior training in building finance.

Inhalt

Foreword by Dr. Frederick Douglass Haynes, III

Introduction

Part I: Preparation

Section Overview

Chapter 1: Should You Borrow?

Chapter 2: The Role of Faith

Chapter 3: Getting Ready Before You're Ready

Chapter 4: Common Banking Terminology

Chapter 5: Race, Discrimination, and the Banking Industry

Part II: Inside the Bank's Credit Process

Section Overview

Chapter 6: Character

Chapter 7: Cash Flow

Chapter 8: Collateral

Chapter 9: Capital

Chapter 10: Conditions

Chapter 11: Unique Guidelines for Churches

Chapter 12: The Loan Evaluation Process

Part III: Advanced Lending Topics

Section Overview

Chapter  13: The Loan's Funded! Now What?

Chapter 14: Construction Loans

Chapter 15: Balloon Notes

Chapter 16: If the Loan Goes South

(With Contribution from Sharon K. Simmons)

Chapter 17: In the Midst of COVID-19

Part IV: Lessons from Successful Churches

Section Overview

Chapter 18: Lessons from Mt. Hebron Missionary Baptist Church

Chapter 19: Lessons from Friendship-West Baptist Church

Conclusion

Appendices

Appendix I: Sample Church Loan Application Checklist

Appendix II: Sample Financial Statements

Appendix III: Calculation of Debt Service Coverage Ratio

Appendix IV: Sample Trend Analysis

Appendix V: Guidelines for Selecting an Attorney (Contributed by Sharon K. Simmons)

Acknowledgements

Bibliography

Index of Key Terms and Topics

Produkt-Details

• Erscheint lt. Verlag: 25.6.2020
• Vorwort: III Dr. Frederick D. Haynes
• Sprache: englisch
• Themenwelt: Religion / Theologie ► Christentum ► Kirchengeschichte
• Themenwelt: Religion / Theologie ► Christentum ► Pastoraltheologie
• Schlagworte: accountant • Accounting • amortization • Appraisal • balance sheet • Balloon • Bank • Banking • borrow • borrower • Borrowing • Building • Cash Flow • Character • Christian • Church • church leader • Collateral • commercial • commitment letter • Conditions • congregation • Construction • Covenant • Covid-19 • credit • debt • Discrimination • Equity • Faith • Finance • Finances • Financial • Financial statement • Financing • foreclosure • giving unit • income statement • interest expense • Interest Rate • Leadership • lender • Lending • Leverage • Loan • loan document • loan-to-value • Members • Nonprofit • Non Profit • not for profit • Pastor • Pastoral Resources • PPP loan • predatory lender • Real Estate • redlining • senior pastor • statement of activities • statement of financial position • statement of flows • Succession Planning • Term Sheet • Underwriting
• ISBN-10: 1-7350282-3-1 / 1735028231
• ISBN-13: 978-1-7350282-3-1 / 9781735028231