Griffin Church Loans | Blog for Latest and Related Topics (Page 2)

CHURCH LOAN BLOG

What Do You Need to Qualify for a Church Loan?

Applying for a church loan is an exciting prospect, because it means that you’re embarking on some new journey for you and your congregation. You’re increasing your ability to minister. You’re expanding your facilities to accommodate more congregants, or perhaps expanding to accommodate youth programs, or soup kitchens, or any other number of worthy practices. … Read More

Can a Church Get an SBA Loan?

Yes, churches can now (temporarily) receive Small Business Administration (SBA) loans, regardless of whether they provide secular social services. This has become more of an issue in 2020 as churches have pursued PPP loans (Paycheck Protection Program) and EIDL loans (Economic Injury Disaster Loans). Churches are eligible for both of these loan programs. This is … Read More

How are Churches Financed?

Church financing comes from a variety of sources, including donations, facility fees, trusts, grants, and loans. How Do Churches Get Their Money? Across almost all denominations, most churches get their funding through congregational donations through offerings, pledges, donations and dues. For most mainstream congregations, the second biggest source of income is trust funds, investments and … Read More

How Much Does It Cost to Refinance a Church?

Each church has its own expenses, such as building or repairing, that the community has to bear. You might ask yourself how much it costs to refinance a church and get a new mortgage with lower rates. First, think about your income and expenses. Are you making enough money to make ends meet, keep your … Read More

How to Buy a Church Building?

Buying a church building is an exciting, but daunting step in your ministry. Perhaps this is an expansion of your current church, building a satellite location; maybe this is an upgrade from a building you’ve outgrown; and maybe it’s a completely new church that you’re just starting. No matter which way you come to this … Read More

Church Loans Made Easy

Has your church assessed its financial needs recently? The interest rates we are offering churches are some of the lowest in history.  Whatever the reason your church is looking for a church loan, we have organized the steps that you need to take to make it happen! 1. Recognize the need: Refinance- Does your church … Read More

Church Finances 101

Are you feeling overwhelmed with your church’s finances? Or perhaps you don’t even know where to begin? That’s only natural given that most churches’ finances are handled by volunteers, pastors, or a member of the congregation who may not have the accounting and financial knowledge to manage them. The only exception is if you’re a … Read More

How to Choose the Right Building for Your Church?

Are you looking for information on how to choose the right building for your church? If you are, you’re at the right place. Finding the right building for your church is a crucial first step in establishing a successful church plant that effectively engages and inspires church-goers and attracts new people from the community. Ideally, … Read More

Pitfalls to Avoid When Considering Church Construction Loans

“Go and tell my servant David, ‘Thus says the Lord: Would you build me a house to dwell in?” So you’ve decided to build a new church structure–maybe a chapel or a gymnasium or a family center or a community building. This is a righteous desire: you’ve seen a need and you want to fill … Read More

7 Benefits to Consider For Refinancing a Church

In a paradisiacal world, we wouldn’t have to think about church finances–we could put all of our efforts into ministering and praising. But until that day comes, we must deal with things of the mortal realm, and one of those is money. As leaders of churches, we are blessed with a humbling gift, which is … Read More

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