Church Financing

Church Financing

Growing a churchAt MinistryCFO, we have a deep understanding of the church industry. Our expertise will help you determine and verify the cost estimates of your capital project as well as the level of financing that you are able to comfortably support. Whether you are seeking a new facility, adding to an existing facility or looking into a Phase One land purchase, we are available to help you. Keep in mind that despite the fact that we help you determine your loan needs and capacity, we are not your banker. Rather, we work on your behalf to find the best bank for you. So let us help you determine your loan needs, assess the ability of your church to fund the loan from internal cash flow and then negotiate your loan with banks, including banks throughout MinistryCFO’s nationwide banking network.

Church Financing

Church Refinancing

Mortgage RatesMortgage interest rates are at a historical low. If churches are not renegotiating the interest rate that they are paying on their mortgage loan, then they are likely going to miss out on a once-in-a-lifetime opportunity. No kidding aside, the last time mortgage interest rates were this low was in 1951, when the price of gasoline was 16 cents a gallon! With concerns of inflation being discussed widely in the business sector, the time to renegotiate your loan rate is now. Your church could greatly expand its ministry with interest savings on its mortgage loan. For example: suppose Church A has a $3 million loan with a 6% interest rate. If Church A were able to renegotiate their loan rate to 4.5%, then the church would save $45,000 each year! Think how much more ministry Church A can accomplish with these annual savings!

Casey Graham, Founder of The Rocket Company

Take the Loan Refinancing Evaluation

STEP 1: DISCOVERY

Introduction: MinistryCFO and church leaders

Review property and facility plans with church leaders

Review financial statements

Review attendance records

STEP 2: FEASIBILITY STUDY

Prepare pro forma statements based on historical trends and growth expectations

Determine property and facility time frames based on pro forma analysis

Present findings to church leaders and agree on plans and expectations

STEP 3: ENGAGEMENT

Prepare comprehensive and compelling loan finance package

Submit loan finance package to targeted banks

Negotiate terms and conditions with banks

Review offers and conclude financing

STEP 1: DISCOVERY

Introduction: MinistryCFO and church leaders

Review current loan documents

Review appraisal reports

Review financial statements

Review attendance records

STEP 2: FEASIBILITY STUDY

Analyze financial statements to determine feasibility of loan re-financing

Present findings to church leaders

STEP 3: ENGAGEMENT

Prepare loan re-finance package

Submit loan package to targeted banks

Negotiate terms and conditions with banks

Review offers and conclude financing