While many ministries experience the same concern when trying to satisfy their lender’s requests, your ministry doesn’t have to. Collect the following information in a file or other central location before you make a loan request and you will improve your chances for a smooth loan process.
There are some questions that a church or ministry should engage in long and careful consideration on whether or not to incorporate.
In this series on mitigating risk, we’ll share key areas in which your ministry may be exposed to unnecessary risk and we’ll provide some thoughts on how to help mitigate that risk.
Churches and ministries should actively build vibrant, effective partnerships with their financial institutions in order to help achieve their financial and Kingdom goals.