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March 2011 "As a general rule, if the church plans to borrow funds for any project, the total long-term debt should stay within approximately three times the annual income. Many churches are in financial difficulty now because of over-borrowing or starting Christian schools while they had existing debt. We suggest you heed the old adage, 'don't go too fast too soon with too little'." Please read the remainder of the article by Teamway Builders here. |