The Loan Committee has established the following guidelines to determine the borrowing capacity of a church.
- Total debt payments should not exceed 25% of current operating (budgeted) revenue.
- Total debt (permanent financing) should not exceed three times the church's current annual income (averaged over a two-year period).
- Collateral property value must be adequate to secure a significant portion of the loan.
- The loan term will be in keeping with the project.
Go to loan calculator to determine the church's borrowing capacity.
For more information, contact the Foundation.
