Historical Perspective and Our Creation
During the 1970’s and
1980’s, long-term, fixed-rate church financing was one of the
most, if not the most, popular method of financing church expansion in
America. This was primarily due to ever increasing interest rates
during that time. Church finance companies proliferated. The president
and founder of many church finance companies during the period were
well-intentioned ex-pastors and ex-ministers who were first introduced
to Church financing when the congregation they formerly led decided to
issue Church Bonds to finance their church.
These ex-pastors/ministers were
experts in preaching, teaching, motivation and church administration.
However, they lacked formal education, training and experience in
finance and financing principles. As a result, the late
1980’s ended with an unprecedented number of churches unable
to repay their debt due to “over-financing” and
“betting-on-the-future”.
During 1987, a group of
experienced businessmen employed in the Church Finance Industry became
disillusioned and disappointed over the “less than
professional” methodology used to evaluate churches. They
believed a church should never be put in a financial situation that
could jeopardize its existence!
Therefore, they committed to
create a company that applied sound business financing principles to
evaluate the creditworthiness of churches so churches could make better
decisions. Although Christians themselves, they believed any church
investment should be based upon analytical evaluation instead of upon
religious or denominational ideals or coercion.
Our Creation
The passion to employ
time-tested business practices to benefit churches and investors was
the basis for creating Great Nation Investment Corporation on June 19,
1989. Our ultimate vision was this: “Investors will bless
churches by providing the needed capital for expansion and ministry and
Churches will bless investors by paying a “lenders”
rate of interest”. As a result of this dual relationship of
“blessing”, the bible verses that best described
this vision became the very basis for our corporate name!
(Genesis
12:2-3 NIV)
I will make you into a great nation and will bless you;
I will make your name great, and you will be a blessing.
... and all peoples on earth will be blessed through you.
Many years and hundreds of successfully financed churches
later, Great
Nation has not deviated from the vision of helping churches and
investors bless each other while carrying out Christ’s Great
Commission. Our analytical evaluation techniques and skills continue to
advance in order to provide sound financial counsel to Christian
churches across America and to provide above-average yields with
confidence to investors. Our goal and prayer is to facilitate the
growth of Christian Churches in America by employing proven, business
principles so that churches and investors are simultaneously blessed.
Great Nation’s motto is:
“Building
a great nation,
one church at a time!”