Financing Resources

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…

The church real estate loan evaluation process goes deeper than evaluating your financial information. Believe it or not, lenders are also evaluating you — the person or church asking them for money. They are looking to make sure you have a firm grasp of what’s going on within your organization and that your organizational needs…

Banks tend to be the “go-to” option for church loans and school loans. This is probably due to the familiarity people have with banks; after all, people drive past banks everywhere they go. It’s not too often, however, that they run across bond underwriting companies and investment banks on the way to and from work.…