Holy Borrowers: Equipping Church Leaders for Building Finance

"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." 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 "on-the-job." Addressing such critical topics as the role of faith, the "Five C's of Credit," unique lending requirements for churches, and best practices if a church loan "goes south," 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.

1137171666
Holy Borrowers: Equipping Church Leaders for Building Finance

"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." 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 "on-the-job." Addressing such critical topics as the role of faith, the "Five C's of Credit," unique lending requirements for churches, and best practices if a church loan "goes south," 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.

8.49 In Stock
Holy Borrowers: Equipping Church Leaders for Building Finance

Holy Borrowers: Equipping Church Leaders for Building Finance

Holy Borrowers: Equipping Church Leaders for Building Finance

Holy Borrowers: Equipping Church Leaders for Building Finance

eBook

$8.49  $9.99 Save 15% Current price is $8.49, Original price is $9.99. You Save 15%.

Available on Compatible NOOK devices, the free NOOK App and in My Digital Library.
WANT A NOOK?  Explore Now

Related collections and offers


Overview

"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." 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 "on-the-job." Addressing such critical topics as the role of faith, the "Five C's of Credit," unique lending requirements for churches, and best practices if a church loan "goes south," 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.


Product Details

ISBN-13: 9781735028231
Publisher: reMix Publishing, LLC
Publication date: 06/25/2020
Sold by: Barnes & Noble
Format: eBook
Pages: 324
File size: 11 MB
Note: This product may take a few minutes to download.

About the Author

A native New Yorker, Lisa Miller Autry retired from a 32-year banking career in 2019 where she most recently served as Senior Vice President&Dallas Market Manager for a $38 billion banking organization. In that capacity, she led teams of commercial bankers in providing financial services to businesses, churches, and other non-profits in the Dallas Metroplex. Lisa now serves as a consultant to non-profit and for-profit organizations through her firms, Holy Borrowers, LLC and Acceleration Advisors, LLC. Lisa accepted her call to ministry in October 1998 and was ordained as a minister in January 2004. She has served in a wide range of leadership functions at Christ Community in Richardson, TX, where her husband, Dr. Terrence Autry, is the Lead Pastor. Lisa also preaches and teaches in churches and conferences nationally and abroad; was featured in Precious Times magazine as one of its "50 Faithful" and was a contributing devotional writer to Aspire: The New Women of Color Study Bible. Lisa's educational background includes a Master's degree in Cross-Cultural Ministries from Dallas Theological Seminary, an M.B.A. degree in Finance&Marketing from The Anderson School of Management at UCLA, and a B.A. degree in Economics from Brown University. She and her husband have been married for over 30 years and are the proud parents of two adult sons.
Rev. Dr. Frederick Douglass Haynes, III, is a prophetic pastor, passionate leader, social activist, and eloquent orator engaged in preaching the gospel of Jesus Christ, and fighting against racial injustice. Dr. Haynes is committed to economic justice and empowerment in underserved communities while touching and transforming the lives of the disenfranchised. For the past 35 years, Dr. Haynes has served as a visionary and innovative Senior Pastor of Friendship-West Baptist Church in Dallas, Texas. He was publicly applauded by President Barack Obama for developing the THR!VE Intern and Leadership Program which employed nearly 100 young black males between the ages of 16-19. As a reflection of his commitment to community transformation and social consciousness, Dr. Haynes serves in various leadership capacities in organizations that champion social change and education such as the Samuel DeWitt Proctor Conference, the Conference of National Black Churches, the National Action Network, and 100 Black Men of America. Dr. Haynes has acted out his mission and shared his message around the world, inspiring others to engage in the fight for socio-economic justice and to use their voices and actions to make an impact in the world.

Table of Contents

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

From the B&N Reads Blog

Customer Reviews