SHORT TERM BORROWING

Generally we do not endorse borrowing money, but we know that for some short term projects it may be necessary.  There are a couple of new online services that might be helpful in this.

You might consider one of the online services that helps people with loans.  One is Prosper and the other Circle Lending.  Prosper is a site were you can list your need and plan of how to pay back, and people will loan you small amounts together that will add up to the amount you need.  They have little risk, and you pay them interest.  Circle Lending is similar, but you set it up with friends and family (or church members).

ACI is a finance company that specializes in helping churches.  They offer short term financing for furniture, and church equipment.  They have an easy application process and approval in just a few days.    ACI has plans that start as low as $20 per month and increase over time. Churches younger than 7 years will need a person guarantee by one or more church leaders.