Why Can't My Church Get A Loan? When you need to get funding for your religious institution and you go the standard route, you are nearly guaranteed to run into hiccups along the way. Although not publicized, most institutional lenders, such as banks, will rarely...
Several years ago a friend of mine in the real estate business, in an attempt to make a point, said he would pay me any price for my home I asked with only one condition, he got to pick the terms. I had purchased my home for $200,000 the previous year, so I decided I would call his bluff. I told him, “I want $1 million for my house”. Without any hesitation he stuck out his hand
and said to me, “Deal!”.
The members of a church will likely have many questions when they first initiate the loan process. How much does the church need to borrow? Which potential lenders actually make loans to churches? What documentation will be required during the loan process? What will be the interest rate? How much will be the monthly payments? Yet, before the answers to any of these questions can be of any real significance, the first thing the church members will want to know is, can we qualify for the loan?
Improving your church property can lead to all sorts of exciting changes. Renewed community interest, higher attendance and tithing, better community engagement, and a general sense of revival can occur when you spruce up your church property. Deciding where and how...
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Ever wonder how to fund your next church project? We show off a little diagram to help make the workflow easier.