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Rationale for Why Living Hope Bryan Will Not Seek a Loan for Building Beason

Living Hope Bryan is not willing to borrow money to start the construction project. We are willing to secure a short term construction loan after 90% has been raised in order to maintain positive cash flow for contractors.

Borrowing can be a controversial topic, so let us address it by answering two related questions: (a) Can we borrow and (b) Should we borrow.


Can we borrow?

Needs-based borrowing is not prohibited in Scripture. However, it is discouraged.

  • There are no positive references to the principle of borrowing. In fact, there are explicit warnings to avoid it.

    • Proverbs 22:7 – The rich rules over the poor, and the borrower becomes the lender’s slave

    • Proverbs 22:26-27 – Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?

    • Proverbs 17:18 – One who lacks sense gives a pledge and puts up security in the presence of his neighbor.

    • Deuteronomy 15:6 – For the Lord your God will bless you, as he promised you, and you shall lend to many nations, but you shall not borrow, and you shall rule over many nations, but they shall not rule over you.

  • Thus, Scripture indicates that an unnecessary authority is created by borrowing. Essentially, when a church takes on a debt, it becomes a slave to the institution making the loan.

Practically, we are not in the position to borrow a significant amount.

  • We have the land as collateral, but it will not support a loan that is nearly large enough nor do we want to be in the position of losing both the building and the land.

Practically, what we pay in rent cannot support loan payments and expenses of
a new building.

  • We pay ~$4,300 per month in rent for our Sunday worship service and Sunday school. We do not pay utilities, preventative/deferred maintenance, or property insurance.

  • There would not be a 1:1 transfer of rent money to a loan payment.

  • If we borrow, build, and move to Beason, Living Hope Bryan will have to pay utilities, maintenance, property insurance, loan insurance, and loan payments that we currently are not supporting in the operating expenses.

  • There is abundant evidence around us that churches borrow money. But this does not mean that they should.

  • Reasons why we should not borrow money:

Should We Borrow?


The building at Beason is a want and not a need

  • With the caveat of several warnings, needs-based borrowing is supported by Scripture, but wants-based borrowing is not.

  • We have a place to meet and worship that God has provided with renovated facilities, no utilities payments, no preventative or deferred maintenance expenses, new audio, lights, and video system, etc.

  • “Build it and they will come” is a false philosophy in postmodern Christianity in 2022. A new building on Beason is not required to advance the gospel. We can, and should, do that now.

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