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Financing Alternatives for Church Media Technology
Having a funding or financing strategy for your church media technology project is a critical first step that paves the way for budgeting, project design, selection of consultants and systems integrators and the entire scope of the project. This session, geared to the pastor, church business administrator, facilities director or media director explores key aspects of financing church media equipment and technology systems integration projects including: planning for and assessing funding alternatives, developing clear objectives for your financing, the role of financial stewardship in determining funding choices, how to "package" and present your church to a lender, negotiating rates and terms that fit your objectives, why financing as an "Operating Budget" solution works for a church, measuring the costs of "Self Financing" (cash purchase), what types of financing to avoid if your objective is to "pay off" early, when not to include media technology in your construction or real estate loan, what differentiates systems integration financing, avoiding the potholes and pitfalls of certain financing practices.
Taught by Russ Munson, Vice-President, National City Media Finance
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