Sunday, March 1, 2015

Debt Reduction Plan - IN PLACE



It is with great pleasure that I can announce that Crossroads Community Church (Parker, CO) has finally put in place the critical plan to become debt free in just 7 years. Most church projects must deploy debt as a resource to accomplish God’s calling on the church to expand its ministry. It’s easy to get into debt, but hard to get out. At Development Advisors, we include, as a part of our future income projections for a church, a plan to pay off debt. We strongly encourage our clients to establish a written plan, voted on and approved by its elders. Today, we are thankful to announce that CCC has done just that.

As Randy Wade, former elder (CLC) stated in an email to me today: “It was because of your professional persistence and advice that the church has continued in keeping debt reduction as a priority! I remember that CLC meeting vividly as you “passionately” challenged us to put an aggressive written debt reduction plan in place and not just nod our collective heads! Your point obviously made a lasting imprint on those who remain, even after you and I have left our positions of influence. Praise Him! “

You may learn more about the the advantages and perils of debt as a resource for future expansion by contacting Mr. Scott McLean at scott@developco.com or by calling him at Development Advisors, LLC at 303-534-3344 x103.

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