Church Remodeling Loans
If your church is in need of updating or upgrading, a church remodeling loan can help you reach your goals. Most churches have rather tight budgets, which can make it hard to expand and improve church buildings and grounds. In order for your place of worship to grow and your congregation to thrive, you need to offer modern and comfortable amenities and keep your building and grounds in excellent condition. If your church has outgrown its current building or needs to upgrade amenities, a loan from BDM is a great way to get the money you need. A church loan typically carries a low interest rate and is only available to religious organizations.
Uses for a Church Remodeling Loan
A church remodeling loan can be used for just about any improvement, remodel or expansion, as long as it is related to the improvement of the original church structure and completed on the church property. Whether it is adding a café or study rooms, the addition of a nursery or Sunday school or a new parking lot – a loan from BDM can help you make the most of your existing church. There’s no need to put off making much-needed repairs until funds trickle in. Church repair loans and church remodeling loans allow you to make major property improvements and add value – without the long wait.
There are some huge benefits to church renovations: they help you attract new members and keep existing members feeling happy and valued. Church repairs ensure the safety of parishioners and can help increase the energy efficiency of your church. With a fixed low-interest church loan, you are adding value to your church property, improving your standing in the community and increasing the enjoyment of parishioners.
How to Secure Church Financing
Church financing doesn’t have to be a difficult or confusing process. Once you have the proper files and information in order, the process moves rather quickly. In order to file an application for a church remodeling loan or church repair loan, you need:
- A copy of Articles of Incorporation
- A copy of your church by-laws
- Copies of the last 12 months of bank statements
- Fire insurance information for the church
- A letter of resolution on church stationary authorizing your chosen church loan company to arrange the loan.
- The name and addresses of the church Board of Directors, if applicable.
- Information on any existing mortgages that are held on the church property, including contact information for the mortgage lender
With each specific church loan, there could be additional information required, but the process is generally smooth and the application approval is quick – which means you can gets started on church repairs and renovations sooner.
The Best Commercial Loans for Churches
Looking for the best commercial loans for churches? The knowledgeable loan professionals at BDM Mortgage Services are known as the California church loan specialists. BDM Mortgage Services specializes on loans for churches and have a high success rate in scoring low-interest loans for religious institutions. To learn more about the church remodeling loan services offered by BDM, call (800) 439-9551 for more information.
