As a leader of a church, you may find that you are struggling to maintain financial stability while aggressively pursuing your mission and ministry goals. It can be frustrating, but there is a financial tool that can help many churches achieve both stability and...
Can a church get a bank loan? Yes they can … sometimes. So here’s the deal. Some banks do lend to churches. But even more banks do not. And the banks that do lend to churches tend to have strict underwriting requirements. To further complicate the borrowing decision,...
Some loans from the Small Business Administration (SBA) are available to churches. Other SBA loans are not. To understand when a church can get an SBA loan, we’ll walk through the SBA’s mission, the types of loans the SBA offers, and eligibility criteria for churches....
Small in Size, Mighty in Mission Small churches, essential community pillars, often face challenges when seeking church loans for small churches. While fostering a close-knit community, lenders can perceive their intimate size as a financial risk. This perception...
Whether buying a new building, renovating current facilities, or purchasing a new vehicle, churches often encounter significant costs in their ministry. Some congregations can comfortably cover all of these costs through donations. But much more often, churches use...
When it comes to whether banks lend to churches, the answer is far from straightforward. Churches’ unique financial needs and status create a complex lending landscape that distinguishes them from other entities seeking loans. While securing loans is common for...
