How to Get a Church Loan

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Churches, just like businesses, must bring in money in order to stay operational. Typically, the tithes and regular giving from congregation members is enough to cover a church’s operational costs. However, even when members tithe regularly, a church may sometimes need to borrow money for various special projects.

Choose a Funding Source

A church can seek a traditional bank loan or turn to commercial bank that offers financial services geared toward churches. It can also utilize the services of a loan broker company that specializes in church loans. A loan broker does all the legwork to find the loans that best fit a church’s needs and credit.

Prepare Financial Documents

No matter what type of lender the church chooses, it will need to put together financial documents to submit with the loan application. Most lenders want at least three years’ worth of income and expense statements. Some lenders also want to see a balance sheet that shows current assets and debts. After putting together the needed financial documents, the church can submit them with the loan application and wait to hear if the lender approves the loan.



About the Author

Lindsey Thompson began her writing career in 2001. Her work has been published in the Cincinnati Art Museum's "Member Magazine" and "The Ohio Journalist." You'll also find her work on websites like Airbnb,, and Thompson holds a Bachelor of Science in journalism from the Scripps School of Journalism at Ohio University.

Photo Credits

  • Christof Koepsel/Digital Vision/Getty Images