The planning and approval process for a church building or major renovation project may span a period of months or years. In the process, it is often helpful for churches to predetermine their borrowing capacity. The Foundation offers guidance for determining the borrowing capacity as well as the amount that might be raised in a capital campaign. Foundation staff are always available for consultation at the church or in our offices.
In the process of planning a building project, the Loan Committee may make a preliminary loan commitment to a church, contingent upon all of the requirements of the Discipline and the lending polices of the Foundation being met within a certain time frame. Final approval will be made by the Loan Committee only after all of the required documentation of a full loan application is submitted and the church continues to meet all of the qualification requirements.
Loan Information Application
- General information about the church
- Financial information
- Description of project, estimated costs, and estimated loan need
- Loan repayment plan
Loan approval is based on the church's demonstrated ability to service debt from current cash flow, the collateral property involved, and the scope of the project.
To determine the church's borrowing capacity, go to borrowing capacity.
For more information, contact the Foundation.
