3 Church Financing Programs To Grow, Renovate And Enhance Your Church

By Author: William Brewer
Total Articles: 6
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Are you ready to get your church the financing it needs?

Whether you need to finance new pews, upgrade your HVAC system, purchase a new organ, or any number of other possibilities...

...you’ll discover below how quick and easy the application process is, plus three different types of church financing programs to guarantee every church, nationwide, can qualify for the financing their growing establishment needs.

Plus, these same programs offer low rates and terms up to 60 months, so you can comfortably repay whatever you decide to borrow and focus more on the needs of your congregation.

Church Financing Program #1 - Start-up Church Program

Even if your church is less than two years old, you can still get financing with this specific program.

Like our “newer” church financing program (discussed below), your church must maintain an average balance of $2,500 or more. If those funds are allocated between your checking and savings, that is also acceptable.

Another basic requirement for this “startup” church financing program, is that your facility be listed with directory ...
... assistance.

If you fall into this category and want to request a call or learn more about automatic approval, please visit IBFCommercialLoans.com now.

Church Financing Program #2 - Newer Church Program

The next tier in our church financing program options, is for churches that have been established for 2-5 years or more.

The guidelines to qualify for this are exactly as the start-up church program, with the only difference being how long you have been established (less than 2 years vs 2-5).

If you fall into this category and want to request a call or learn more about automatic approval, please visit IBFCommercialLoans.com now.

Church Financing Program #3 - Established Church Program

This church financing program has a few differences, compared to the other two programs mentioned above.

First, in regard to years established, there are actually two “minimums”, which are based on whether your church is part of a major denomination or non-denominational .

Minimum years established for major denomination: 7

Minimum years established for non-denominational: 15

The other change, is that an established church must maintain a minimum bank balance of $7,000. Again, these funds can be allocated between combined accounts, such as your savings and checking.

If you fall into this category and want to request a call or learn more about automatic approval, please visit IBFCommercialLoans.com now.

One Thing To Keep In Mind When Looking For Financing

As with any type of loan, it’s important to know where your church stands, in regard to any current debts owed, as well as the average annual earnings.

The thing about financing churches, from a lenders perspective, is that churches are a unique type of property - something than can really be used for only one purpose.

Therefore, it’s harder to sell in the event a loan cannot be paid. When a loan cannot be paid within a given timeframe, the lender will be accountable for it.

Since the type of property is unique, finding a replacement owner may not be an easy task.

The Good News About Getting Financing

Despite apprehensive lenders that you might encounter, the good news is that with preparation and the right guidance, you can get your church the financing it needs - even if you’ve already been turned down by a bank.

For a free, no-pressure consultation with our team of financial professionals, call IBF Commercial Loans at 1 (702) 425-4021 or reach out to us through our website at IBFCommercialLoans.com today.

We’re here to help your church get the financing it needs...

William Brewer is the founder and CEO of Industrial & Builders Finance, LLC. A company that helps business owners with any credit status find the capital they need to start, grow, and expand their business. Bill and his experienced team can help you get money for your business, the fast and easy way. Visit http://ibfcommercialloans.com to learn more about how you can get financing for your business today.