SHORT TERM BORROWING
Generally we do not
endorse borrowing money, but we know that for some short term projects,
or for a new building
it may be necessary. There are a couple of new online services
that might be helpful in this.
You might consider one
of the online services that helps people with loans. One is
Prosper and the other
Prosper is a site were you can
list your need and plan of how to pay back, and people will loan you
small amounts together that will add up to the amount you need. They
have little risk, and you pay them interest.
Circle Lending is similar,
but you set it up with friends and family (or church members).
Financial is a finance
company that specializes in helping churches. They offer short
term financing for furniture, and church equipment. They have an
easy application process and approval in just a few days.
Hampton Ridge has plans that start as low as $20
per month and increase over time. Churches younger than 7 years will
need a person guarantee by one or more church leaders.
Contact Jon at
Hampton Ridge at 866-815-4448.
Download the Application for Funding Here
FUNDING FOR NEW BUILDINGS
For info on funding new church
building projects, please