Our Business Principles and Practices

There are fundamental principles that exist in the universe that, if violated, will produce unpleasant consequences. Few people intentionally step off of five-story buildings due to their knowledge of the law of gravity. However, many churches and faith-based organizations are unaware of fundamental financing principles relating to non-profit organizations. Non-profits are entirely different from for-profit organizations. Unknowingly, but in good faith, they make financing decisions that result in consequences similar to stepping off a five-story building!

Any reputable church financing company should begin its due diligence with a detailed and explainable analysis to determine whether your project is viable, sensible and wise. If they don’t, they've already violated a very important fundamental financing principle!

Employing and practicing proven, business principles is different than saying you do. Every business day at Great Nation, we apply what we preach. Here’s how:

Every church project we finance must acknowledge that Jesus Christ is Lord and man’s salvation comes only through Him;
We conduct and provide a full and extensive financial analysis and evaluation that calculates and measures no less than 29 different ratios and percentages;
We conduct a complete cash flow analysis to determine a church’s ability to service existing and proposed debt payments;
We conduct various investigations to determine truthfulness, accuracy and reliability (including verification that the CPA is duly licensed);
With few exceptions, if any, our President and/or a senior member of Great Nation’s management team personally conduct an on-site visit to interview each church’s leadership and inspect each facility. This usually includes attending Sunday morning church services to verify attendance and evaluate congregational unity;
After our Underwriting Department has evaluated, verified and compiled a full and complete review of the project, it is submitted to our Program Acceptance Committee (the “PAC”);
The PAC, consisting of at least three (3) senior officers of Great Nation, solely determines whether or not to approve the proposed bond offering. Their decision is final;
After sales of bonds has begun, not one dollar of your investment is disbursed to the church unless and until our attorneys tell us that the property given as collateral has been properly secured on your behalf;
If a church plans major construction, for their safety and yours, we require the church to employ a construction supervisory firm of our choosing. In the effort to control cost overruns, this firm monitors material/workmanship quality and change orders during construction, then reviews and approves all construction payments before being paid to the contractor!
During the life of your Church Bond investment offered through Great Nation, we and the Church Bond Trustee conference each week to monitor each church’s performance. We do this because the sooner we identify a problem, the sooner corrective actions can be implemented;

It is our sincere prayer that churches and investors alike share and embrace these fundamental business practices. These practices are for everyone’s benefit, confidence and success!