CDF Capital

When it comes time to look into loan options, it can be overwhelming. Where should you start? Should you just go down and talk to your local bank? What kind of preparation goes into securing a loan? Which lender would be a good fit for you?

Since lenders are assuming greater risk with church loans, commercial lending often requires a lot more money upfront. Depending on the market, lenders can require a down payment of anywhere from 20 to 35 percent.

And while lenders see your church as a commercial enterprise, your church is not a business. Banks and commercial lenders that do not have a history of dealing with church loans often end up shoe-horning churches into one-size-fits-all loans. Instead of finding a loan that fits your ministry, you end up trying to fit your ministry into a loan.

Knowing the difference before you walk into a lender's office changes the conversation entirely.

Our team understands ministry, not just finance. If your church is thinking about a loan in the next year or two, it is worth reading “How to Shop for a Church Loan” before you start making calls.
cdfcapital.org/how-to-shop-for-a-church-loan