Ever curious about what happens to all of the financial statements that you submit when applying for a loan? Or how church lenders view the financial health of your church when you’re looking to borrow? We’ll dig a little deeper into the loan criteria of what a financially healthy church looks like and how you can better prepare your church to increase the likelihood of obtaining an approval from your lender.
Church Financial Health, A Lender’s Perspective
About the Author: David Lee
David Lee is a Senior Relationship Manager at Thrivent Church Financing. David has over 30 years of banking experience in serving non-profit ministries (churches, Christian schools and parachurch ministries) with a focus on financing and treasury services. He’s served 25 years on pastoral staff at churches as well as on boards of non-profit organizations, seeing the unique challenges and needs of balancing ministry and business. Prior to joining Thrivent, he served 5 years as Director with Bank of the West in their Religious Institution Lending Division and 25 years with Evangelical Christian Credit Union in their Ministry Lending Division.