Getting
Started... Church Financing
"WE
NEED TO ....." (Build, Move, Refinance, Renovate etc.)
These
are some of the most exciting and frightening words that can be
uttered at the church board or leadership meeting. This is
when you open the door to the church financing maze. No two mazes are the
same, but there are common elements. Please bookmark this
page and use it to help "guide you through the maze"
of church financing.
Genesis
Group has been assisting churches and nonprofit organizations
with their financial needs. Let us assist you as you pass
through the church financing maze.
1.
Needs
Analysis
2.
Count
the Cost
3.
Beware
of the "Fast Food" Mentality
4.
Be
Aware of the Proper Sequence of Events
5.
Understand
"Cash Flow"
6.
Making
It Come Together
7.
Choosing
a Guide
Needs
Analysis
Such
a critical, but often neglected area. You should always be
thinking, "The Big Picture." Let us assist you
in considering:
Count
The Cost
Common
errors and hidden stumbling blocks can slow progress, frustrate
and even stop a building, remodeling or relocation
project. You may rely on your Genesis Group consultant to
guide you through the maze and allow you to benefit from
experience gained over fifteen years and with hundreds of
churches across America.
Beware
Of The "Fast Food" Mentality
Many
ministries fall victim to the "We Need It All Now"
syndrome. Genesis Group will guide you through the maze of
planning a project that compliments, rather than conflicts with,
your budget and ministry needs. Scores of thousands of
dollars may be saved using wise counsel and taking the time to
properly phase your project. Part of your Genesis Group
consultant's service to you is analyzing your growth and
borrowing ability prior to your committing funds to outside professionals.
Be
Aware Of The Proper Sequence of Events
All
too often ministries needlessly spend untold thousands of
dollars for architectural plans which design structures for
which the ministry is unable to financially qualify to
build. Your Genesis Group consultant will assist you with:
-
Scheduling
each aspect of your project to maximize the use of your
funds and minimize wasted time and money.
-
Reviewing
the qualifications of your building, legal or financial
professionals to help assure they are capable of doing it
right the first time.
-
Maneuvering
through the maze of federal, state, county or municipal
regulatory requirements which may negatively affect your
project and drive up your costs. Among these
regulatory requirements are environmental concerns, building
codes or other local regulations.
Understand
Cash Flow
Ministries
are typically not for profit in more ways than one. Every
penny that comes in is spent. While this is great for
ministry, it is destructive to a ministry's borrowing
potential. Your Genesis Group consultant will walk you
through the maze of financial truths. Your borrowing power
will be analyzed, strengths and weaknesses discussed and action
plans developed to address short and long term needs of the
ministry.
Making
It Come Together
Some
ministries only want or need assistance here and there.
Others depend on a full spectrum of services and guidance from
assessing your need to working with local planning departments
all the way through the project completion.
Genesis
Group is ready to serve you in any part of the process... every
step of the way.
Choosing
A Guide
So...
you've heard "We need to..." and you're ready to get
started. Are you ready to make the journey through the
maze as painless and smooth as possible? Give us a call
today. Our consultants are ready to help you through the
maze associated with financing.
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