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    Church40's Avatar
    Church40 Posts: 1, Reputation: 1
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    #1

    Oct 22, 2012, 08:08 AM
    Member lending to church
    Is there anything wrong with a member lending his church $40,000.00 interest free for a new parking lot? The money would be paid back over a two year period as contributions from other members come in..
    Thank you for your kind interest. Church40
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #2

    Oct 22, 2012, 08:21 AM
    Like any other business proposition both parties should sign a contract stipulating the obligations of both sides and the penalties of non-performance.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #3

    Oct 22, 2012, 08:27 AM
    Is there anything wrong with a member lending his church $40,000.00
    Hello C:

    Not in any sense of the word.

    Excon
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