Share Financial Services, Inc. “Share” is a premier investment banking firm, founded and headquartered in Dallas, Texas, in 1970. Share has successfully underwritten financing for over 1400 churches and nonprofit organizations and is widely known for high quality Church Bond underwritings in the Church financing industry. Church Bond issues underwritten by Share are different in many ways from those underwritten by many other Church Bond firms.
Because of our extensive experience in the Church financing business and our comprehensive due diligence investigation into the finances and background of each Church, we at Share are extremely qualified to bring to market the highest quality bond programs unequalled in the Church Bond industry. Each Church Bond offering that Share underwrites must meet thorough qualification standards designed to safeguard both our Church Financing clients as well as our bondholder’s investment. Financial Statements must be prepared by a Certified Public Accounting firm independent of the Church. Those Financial Statements must be in accordance with Generally Accepted Accounting Principles (GAAP), which are a combination of a set of accounting standards and commonly accepted methods of recording and reporting accounting information. Appraisals are required on the property serving as collateral. Churches are required to obtain liability, title, property and casualty insurance on the Church facilities for the duration of the Church Bond issue. In most cases, members and friends of the Church are given an opportunity to invest in their Church Bond program.
These are just a few of the many standards required of each First Mortgage Church Bond issue prior to being underwritten by Share.
Step 4: Establishing the Proper Sequence of Events
Many churches have spent thousands of dollars for architectural plans only to discover that they are unable to qualify for Church Construction Financing. Share can assist churches by:
- Scheduling each aspect of the project to maximize the use of church funds and to minimize wasted time and money.
- Examining the qualifications of church contractors, legal and financial professionals to help assure that they are capable of doing it right the first time.
- Navigating through the maze of federal, state, county and municipal regulatory requirements which may negatively affect your building project and drive up your construction costs. Among certain regulatory requirements are environmental issues, building codes or other local regulations.
Step 5: Understanding What It Takes to Qualify For a Church Loan
Churches can be a nonprofit in many ways because every dollar that comes in is spent. While this is great for ministries, it can be negatively affect a church’s ability to qualify for a Church Loan. Share assists churches by analyzing their ability to qualify for Church Financing by assessing certain financial strengths and weaknesses and developing an action plan to address the short- and long-term needs of the Ministry.
Step 6: Putting All the Pieces Together
Many churches only need limited assistance, while others require the full spectrum of Share’s financial services for churches. Share can offer a Church certain financial guidance from assessing a Ministry’s short and long-term financing needs to working with local planning departments all the way through to the church construction project completion.
Step 7: Choosing the Right Church Financing Partner
If your Church is ready to begin that construction, remodeling or relocation project, we at Share are ready to make that journey with you as painless and smooth as possible. Contact Martin Northern, Vice President of Share Financial Services at (501) 316-3100, by email at firstname.lastname@example.org or by clicking the Get Started link on this web site if your Church would like to consider a Church Bond Program as an alternative to conventional financing. By simply answering the questions on the Get Started page, we can begin to assist you in the initial stages of launching your Church into a successful Church Bond Program. After receiving the completed form, we will review your Church information and send you the official Share Financial Services, Inc. Preliminary Information Form and begin assisting you and your Church with Share’s financial evaluation process.
Church Financing can be two of the most exciting, and at the same time most frightening words spoken at a Church Board or Church Leadership meeting. No two Church Loans are the same, but there are several key components.
Webster defines “Puzzle” as “To be uncertain as to action or choice.” Share Financial Services, Inc. “Share” has been providing financial services to Churches and Nonprofit Organizations since 1970 and would like to assist you and your Church solve the Church Financing Puzzle by offering these Seven Key Steps:
- Analyzing Needs
- Calculating the Cost
- Beware of the “We Need It All Now” Mentality
- Establishing the Proper Sequence of Events
- Understanding What It Takes to Qualify For a Church Loan
- Putting All the Pieces Together
- Choosing the Right Church Financing Partner
Step 1: Analyzing Needs
Analyzing Needs is a critical, but commonly neglected step. The “Big Picture” should be remembered by considering:
- Space Requirements – both now and in the future
- Regulatory Requirements – there are more than you think!
- Church Budget – both cash flow and borrowing ability
- Church Growth – both ministry and outreach
Step 2: Calculating the Cost
Luke 14:28 says it best… “For which one of you, when he wants to build a tower, does not first sit down and calculate the cost, to see if he has enough to complete it?”
Common mistakes and unforeseen obstacles can increase the cost and even stop a church construction, remodeling or relocation project. Before you begin your project, let Share assist your Church calculate the cost by designing a Church Bond Program that best fits within your Church budget and borrowing ability.
Step 3: Beware of the “We Need It All Now” Mentality
Many church construction projects have fallen victim to the “We Need It All Now” mindset with unfortunate results. Share can help you develop a Church Bond Program that finances your construction project which compliments, rather than conflicts with your church budget and ministry needs. We at Share can assist your Church in analyzing cash flow and borrowing ability prior to committing funds to outside professionals such as Church Architects and Church Builders.
Part II Discusses Steps 4 to Step 7 of the Seven Steps to Solving the Church Financing Puzzle.
Welcome to our website. If your Church needs financing or you are an investor looking to invest in Church bonds, we would love to tell you about our business, Share Financial Services, Inc. We assist Churches in arranging long-term Church Bond financing. Please check out our content on our website and stay tuned for more articles to educate you on Church Bonds, Church Financing, and much, much more.