Griffin Church Loans | Blog for Latest and Related Topics (Page 3)

CHURCH LOAN BLOG

How to Get the Best Church Loan Rate

With interest rates at record lows across the United States, it’s tempting to look into getting a church loan right now. And it’s true: now is a great time to get a loan. There’s no doubt about that. But there are some things that you need to understand about the church loan market that may … Read More

Church Financing Tips for 2021

2020 was tough, and we hope that all of you are ready to take on 2021! While we still face a lot of uncertainty, we hope that the renewed spirit that comes with the new year will help you get ready. Here are financial tips for 2021 and how can Griffin Capital can help your … Read More

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

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