Important information for New York based churches:
New York churches Do Not need Attorney General approval to finalize a property purchase IF the seller of said property IS NOT also a Non Profit. If you plan to buy from a private party, then you can skip this step.
Friday, October 26, 2018
Getting Started with a Church Loan
Before you decide on pursuing a loan for your Church or Religious Organization, here are some points to consider:
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:
Space Needs- Now and Later
Regulator Requirements by Local Authorities (There are MORE than you think!)
Growth Curves
Ministry and Outreach
Your Vision
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