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  2. Nov 22, 2019 · 1. Loan Approval Process To begin the loan approval process, read through the Church Loan Requirements and send BCLC a completed loan application and documentation verifying that your church is incorporated. During the loan approval process, your church may be asked to provide some additional information, such as: Current and forecasted budget

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  3. Sep 19, 2019 · Church Loan Checklist: The past three years of financials, including Balance Sheet and Income Statement Number of giving units Total membership Current property value (if applicable) Proposed project budget Campaign Information Time frame Dollars raised to date Projections of total campaign

  4. Get the financial capital you need to acquire specialized technical equipment, or cover the soft costs of land acquisition. LInes of Credit Give your church a financial cushion in case you need funds fast. Land Loans We can help your church get the funds you need to purchase undeveloped real estate. Apply for a loan

  5. Jan 21, 2022 · You’ll need to have your church’s articles and by-laws available to include with your loan request. Because board members and signers often change for a church, it’s a good idea to provide documentation showing who exactly can make the decision to borrow and that the church board has approved the church’s decision to make a borrowing request.

  6. Jun 22, 2020 · 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

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