Ministry News

22 June 07: We finance many types of equipment for ministries [learn more]

17 Dec 06: Our new web presence begins ....

 

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Coleman Connection Ministry

Presents

A Church's Decision:
Buy, Lease or Conventional Financing?
Your church can choose any equipment it need now. You can take any amount you want, $5,000, $10,000, $25,000 or $50,000 or more. Coleman Connection Ministry an Ervin Leasing Suncoast Division Financial Services branch has designed a program that will Process Your Church loan in 24 hours. There is no need to use your valuable cash reserves to acquire the equipment your church may need now. Take 24 months or up to 60 months to pay. Your good faith is all that's needed! I urge you to call us very soon to insure that you are able to reserve the total amount that you need. [learn more]

Leasing:

100% Financing, no down payment
note: Two Payments & One Time Documentation Fee
due at signing are standard.

No Personal Guarantees by members of the
Church

note: For established churches of “mainline” denominations.
No additional collateral required

Fixed rates; Fixed payments

Preserves existing credit lines for things that
can’t be leased such as repairs to the
building, new construction, etc.


Preserves cash reserves for emergencies,
missionary support, benevolence, etc.


Allows the church to get the equipment it
needs now and budget for it; rather than wait
for special collections or fund raising.

Buying:


Uses available cash which can be put to better uses.

May require long delays while funds are

Financing:


Banks often require large (10-25%) down payments.

Banks often require additional collateral, such as second mortgages for larger transactions.

Loan rates may "float" with the economy. Terms of loans often change due to mergers and outside economic factors.