Our church has been trying to get a loan or line of credit for capital improvements that are needed on our building and parsonage. We own substantial land and a residential house and have no outstanding debt, however we are relatively small with a membership of approx 150. Our contributions are steady. We did a preliminary search but have found it difficult to go the traditional route for a loan. Many banks/institutions say they don't do church loans. We thought the best route for us would be to borrow against the parsonage since it has real value in the commercial market, but are usure of how to proceed. If anyone can help us please contact me.
Thanks,
Ben

Ben,

I can help you with this. Send me an email

Thanks,
Les

Hello, I would be more than happy to be of assistance to you with getting your church the loan you need. Please contact me. I look forward to hearing from you soon.

Yes church loans are notoriously difficult to get primarily because of poor financial record-keeping. The best route is to talk to non-banking institutions for church loans. There are a number of companies that specialize in church financing. What is the loan amount you are looking for? Most of my church lenders have a minimum loan requirement of $500K but I can check with them if they would consider a smaller loan.

Contact me I may be able to help you find funding.

Jammin,

I am an underwriter and work for a retail bank in the U.S. We do underwrite and grant loans to churches if they are secured by real estate.

We do not actively look for this business, but we will review them if they come in because we have an extremely low historical default rate on these types of loans. We are particularly happy to do these loans if they are very strong from a Loan-To-value perspective

I do not know if we are located in your area and I am not going to post my bank's name (i am in underwriting and am not a loan officer), but I just wanted to let you know that there are banks out there that will do these types of loans, so it won;t hurt to keep looking.

I would gladly like to take a look at your loan scenerio. Please got to my website to see the type of loan programs we use and also fill out my preferred application, . After receiving the filled out application, I will see if your loan is doable. Looking forward to hearing from you and hopefully doing business with your church. Thank you.