Bible Summary. If a business needs capital to generate income, this would be a case where the Bible supports borrowing of money. We need to follow through and not tarry with paying off our debts. We should pay back what we owe. See below for Biblical commentary, meaning, and advice concerning Christians and debt. See Christians and Debt – Part 1 for more commentary on this topic.
Christians and Debt
Christians and Debt: Borrowing Allowed to Invest in a Business Enterprise.
The story of Elisha and the Widow’s Oil illustrates that in some cases borrowing money is acceptable. If a business needs capital to generate income, this would be a case where the Bible supports borrowing of money. As with the widow, she needed capital (the neighbor’s bowls) to profit when her oil multiplied. Without the borrowed bowls, she would not have had the containers to hold the multiplied oil. In 2nd Kings 4:3 Elisha advises the widow to borrow as many bowls as possible to hold the multiplied oil.
2nd Kings 4:3, “Then he said, Go, borrow thee vessels abroad of all thy neighbours, even empty vessels, borrow not a few.”
Christians and Debt: Seek Increase to Pay Off Debts Quickly.
God does not desire us to stay in debt. If we have faith, he will provide the increase so that we can pay debts off quickly. When God does provide increase, we do need to follow through and not tarry with paying off our debts. Just as Elisha advised the widow, he said for her to pay off her debts FIRST and then live off the rest of the increase that God had provided for her and her family. 2nd Kings 4:7 tells how the widow paid her debts quickly because of the miracle of God.
2nd Kings 4:7, “Then she came and told the man of God. And he said, Go, sell the oil, and pay they debt, and live thou and thy children of the rest.”
Christians and Debt: Pay Back What You Owe.
Another Christian principle concerning debt is that we should pay back what we owe. We may think that there are sometimes good excuses or it is a low priority to pay someone back, but if we owe someone we need to pay them back Exodus 22:14 advises us to pay our debts and make owners whole for what we have borrowed from them.
Exodus 22:14, “And if a man borrow ought of his neighbour, and it be hurt, or die, the owner thereof being not with it, he shall surely make it good.”