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Small business loans for churches can be essential for their growth, development, and sustainability.

These loans can finance the construction or renovation of church buildings, purchase equipment, or expand outreach programs.

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In this article, we will discuss small business loans for churches and provide a step-by-step guide on how to apply for each loan.

Contents

Small Business Loans For Churches

1. Christian Community Development Association (CCDA) Loan Fund

The CCDA Loan Fund offers churches and other nonprofit organizations loans for community development projects. To apply for a loan, churches must first become members of the CCDA.

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How To Apply:

  • Contact the CCDA Loan Fund to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers

APPLY NOW 

2. Evangelical Christian Credit Union

The Evangelical Christian Credit Union offers loans to churches for building purchases, construction, and renovation projects.

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How To Apply:

  • Complete an online loan application.
  • Provide financial statements and a budget.
  • Submit a loan proposal with project details.

APPLY NOW

3. Association of Christian Schools International (ACSI) Loan Program

The ACSI Loan Program offers Christian schools and churches loans for facility upgrades, construction, and refinancing.

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How To Apply:

  • Contact the ACSI Loan Program to express interest.
  • Complete a loan application.
  • Provide financial statements and a budget.
  • Submit a loan proposal with project details.

APPLY NOW

4. Lutheran Church Extension Fund

The Lutheran Church Extension Fund offers loans to Lutheran churches for building and renovation projects, as well as refinancing of existing loans.

How To Apply:

  • Contact a local LCEF district office.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

5. Catholic Finance Corporation

The Catholic Finance Corporation offers loans to Catholic churches for construction, renovation, and debt refinancing projects.

How To Apply:

  • Contact the Catholic Finance Corporation to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

6. United Methodist Development Fund

The United Methodist Development Fund offers loans to United Methodist churches for building and renovation projects, as well as refinancing existing loans.

How To Apply:

  • Contact the United Methodist Development Fund to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

7. Presbyterian Investment and Loan Program

The Presbyterian Investment and Loan Program offers loans to Presbyterian churches for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the Presbyterian Investment and Loan Program to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

8. Church Extension Plan

The Church Extension Plan offers loans to Pentecostal churches for building and renovation projects, as well as refinancing of existing loans.

How To Apply:

  • Contact the Church Extension Plan to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

9. African Methodist Episcopal Church Service and Development Agency

The African Methodist Episcopal Church Service and Development Agency offer loans to African Methodist Episcopal churches for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the African Methodist Episcopal Church Service and Development Agency to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

10. Mission Fund Loan Program

The Mission Fund Loan Program offers loans to churches for building and renovation projects, as well as refinancing existing loans. This program is available to churches of any denomination.

How To Apply:

  • Contact the Mission Fund Loan Program to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

11. Episcopal Church Building Fund

The Episcopal Church Building Fund offers loans to Episcopal churches for building and renovation projects and refinancing of existing loans.

How To Apply:

  • Contact the Episcopal Church Building Fund to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

12. National Baptist Convention Loan Program

The National Baptist Convention Loan Program offers loans to National Baptist churches for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the National Baptist Convention Loan Program to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

13. Church Loan Solutions

Church Loan Solutions offers loans to churches for building and renovation projects and refinancing existing loans. This program is available to churches of any denomination.

How To Apply:

  • Contact Church Loan Solutions to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

14. Christian Community Credit Union

The Christian Community Credit Union offers loans to churches for building and renovation projects and equipment purchases.

How To Apply:

  • Complete an online loan application.
  • Provide financial statements and a budget.
  • Submit a loan proposal with project details.

APPLY NOW

15. Hope LoanPort

Hope LoanPort is a non-profit organization connecting churches with lenders specializing in church financing. They offer loans for building and renovation projects and refinancing existing loans.

How To Apply:

  • Create an account on the Hope LoanPort website.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

16. The Lutheran Church Extension Fund

The Lutheran Church Extension Fund offers loans to Lutheran churches for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the Lutheran Church Extension Fund to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

17. Presbyterian Investment and Loan Program

The Presbyterian Investment and Loan Program offers loans to Presbyterian churches for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the Presbyterian Investment and Loan Program to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

18. Catholic Church Extension Society

The Catholic Church Extension Society offers loans to Catholic churches for building and renovation projects, as well as refinancing of existing loans.

How To Apply:

  • Contact the Catholic Church Extension Society to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

19. Mission Increase Foundation

The Mission Increase Foundation offers loans to churches of any denomination for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact the Mission Increase Foundation to express interest.
  • Attend an initial consultation to discuss your project and financial goals.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.

APPLY NOW

20. Truist Bank Religious and Nonprofit Lending

Truist Bank offers loans to churches of any denomination for building and renovation projects and refinancing existing loans.

How To Apply:

  • Contact Truist Bank Religious and Nonprofit Lending to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers

APPLY NOW

Note: Truist Bank has merged with BB&T to form Truist Financial Corporation.

Steps to apply for each loan will vary based on the specific requirements of the lender. Here are the typical steps for applying for a church loan.

21. Christian Community Credit Union

Christian Community Credit Union offers loans to churches and other Christian organizations for construction, renovation, and refinancing.

How To Apply:

  • Become a member of Christian Community Credit Union by opening an account.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

22. National Cooperative Bank

National Cooperative Bank offers loans to churches for construction, renovation, and refinancing.

How To Apply:

  • Contact National Cooperative Bank to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

23. CDC Small Business Finance

CDC Small Business Finance offers loans to churches and other religious organizations for construction, renovation, and refinancing.

How To Apply:

  • Contact CDC Small Business Finance to express interest.
  • Attend an initial consultation to discuss your project and financial goals.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.

APPLY NOW

24. Hope Credit Union

Hope Credit Union offers loans to churches and other faith-based organizations for construction, renovation, and refinancing.

How To Apply:

  • Contact Hope Credit Union to express interest.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.
  • Attend a site visit and interview with loan officers.

APPLY NOW

25. Lendistry

Lendistry offers loans to churches and other religious organizations for construction, renovation, and refinancing.

How To Apply:

  • Contact Lendistry to express interest.
  • Attend an initial consultation to discuss your project and financial goals.
  • Submit a loan application with project details.
  • Provide financial statements and a budget.

APPLY NOW

General Steps For Applying For A Church Loan

1. Contact The Lender

Contact the lender to express your interest in applying for a loan. The lender will provide information on the loan program and specific user requirements.

2. Submit A Loan Application

Complete the lender’s loan application, providing all necessary information about your church, project, and financial situation.

3. Provide Financial Statements And A Budget

The lender will require financial statements and a detailed budget to determine your church’s ability to repay the loan.

4. Attend A Site Visit And Interview

The lender may require a site visit and interview with loan officers to discuss your project and financial situation in more detail.

5. Review And Accept The Loan Offer

After reviewing your loan application, financial statements, and budget, the lender will offer a loan. Review the loan terms and accept the request if it meets your needs.

6. Close The Loan

Once you have accepted the loan offer, you must provide any additional documentation requested by the lender and sign the loan agreement.

The lender will then disburse the loan funds to your church.

Conclusion

Small business loans for churches are an excellent option for funding construction, renovation, and outreach programs. By exploring the options outlined above, churches can find the best loan program to suit their unique needs.

With our step-by-step guide on how to apply for each loan, churches can easily navigate the application process and secure the funding they need to achieve their goals.

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