Use this checklist below as a guide to help gather and organize the documentation needed for your church loan request.

CURRENT YEAR TO DATE FINANCIAL STATEMENTS

  • YTD Income and Expense Statement (also referred to as a P&L)
  • Budget Comparison (projected budget as compared to actuals)
  • Balance Sheet
  • Bank Statements and/or Quarterly Statements that verify cash and investments

YEAR-END FINANCIAL STATEMENT FOR THE PREVIOUS THREE (3) YEARS

  • Income and Expense Statements (also referred to as P&L Statements)
  • Budget Comparisons
  • Balance Sheets

SUMMARY OF ALL OUTSTANDING DEBT

  • Original loan amount(s) vs. current loan amounts
  •  Interest Rate(s)
  • Origination and maturity date(s)

PROJECT INFORMATION

  • Description of what are you trying to accomplish?  When?  Why?
  • How much money are you looking to borrow?
  • Project Information (construction documents, contractor information, budget, target purchase area, etc…)

DEMOGRAPHIC INFORMATION

  • YTD average attendance trends (by program, by age)
  • Previous three years attendance trends (by program, by age)
  • Membership numbers (by age and/or family units)
  • Giving Units
  • Total annual giving of your top 15 Donors – listed individually (no names)
  • Community demographics (if available)

GOVERNMENT OF THE ORGANIZATION

  • Articles of Incorporation
  • Constitution
  • By-Laws
  • Brief church history
  • Explanation of other entities you are formally affiliated with
  • Leadership bios

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