Church Loan Program
The Church Loan Program provides
financing for churches and religious
organizations to buy properties, build,
renovate, or refinance loans. It offers
flexible terms to accommodate the unique
financial structures of these groups, such
as reliance on donations.
This program helps religious entities
expand, maintain their facilities, and
achieve their missions with easier access
to funds.
Scenarios and Potential Applicants:
- Churches expanding with new property.
- Religious groups renovating or upgrading facilities.
- Organizations refinancing for better loan terms.
- Groups funding new construction projects.
Requirements:
- Stable income or donations to cover loan payments.
- Detailed plan for the funding usage.
- Solid financial history of the organization.
- Often, property used as collateral for the loan.
