Integrity Moments - September 14, 2017

 

Creative Financing

A business owner called for counsel. He had built his machine tooling business without debt, but had recently landed a contract with a major corporation.

The contract was for $500,000, but to complete it, he needed $250,000 for equipment. He felt he had no option but to borrow the money.

He and I discussed options, and prayed together. Then I urged him to ask his customer for a 50% deposit. He was confident they would refuse.

Days later, he called me elated. “They wrote me a check for $250,000!” he shouted.

Psalm 18:30 teaches, “As for God, his way is perfect; the word of the LORD is flawless. He is a shield for all who take refuge in him.”

Never assume debt is the only answer! God is the answer.

 

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