FAQ

Any other questions?

If you have other questions, please call us at (800) 710-6762 and see how we
deliver World Class Customer Service!

What size loans do you offer?

The smallest loans we generally offer are $75,000 and the largest we have
closed to date is $24,500,000 for a church in TX.

How long does it take to qualify for a loan?

We can usually qualify a loan within one business day.

What is your phone number:

(800) 710-6762

Where are you located:

1135 Heatherstone Dr.
Suite 102
Fredericksburg, VA 22407

Where will my loan be closed?

We will close at a location that is convenient to you in your town.

When will my first payment be due?

Usually the first loan payment is due 30 days or more from the date of
closing.

Do I have to pay a fee to apply for a loan?

No, never.

Do you require personal guarantees on your church loans?

No, they are almost never needed. In rare circumstances, they may be
requested but this is unusual.

Are CPA prepared financial statements always required?

While it is helpful, it is not required. We just need to be able to
understand your financial statements to know whether we can help.
Internally prepared statements can usually give us enough information.

Does every church qualify for a loan?

No, unfortunately not. We have lots of programs and we usually have
something to help a church but not always.

How long can a loan be fixed for?

3yrs, 5yrs, 7yrs, 10yrs, 15yrs, 20yrs, 25yrs

What amortizations do you offer?

10yrs, 15yrs, 20yrs, 25yrs, 30yrs

What are interest rates right now?

Interest rates vary depending on many factors including: church credit,
location, loan type, fixed term, amortization and other things. Right now
interest rates are near all-time lows with some fixed rates being at or near
3%.

How long does it take to get a church loan?

It depends on the situation of the church and the type of loan but there are
emergency situations where we have closed loans in as little as 10 days.
This is an exception and is usually accomplished with our hard money product
and is usually a situation where a church is being foreclosed on. Under
normal situations you should expect the process for a normal loan to take
two to three months.