Church Financing
Financing for Many Church Needs
We arrange financing for a wide range of items needed to keep your church running efficiently. Purchase the equipment your church needs now at a fair rate with up to 60 months to repay. Not sure if we finance what you need? Give us a call.
Our Church Equipment Finance Programs
We offer 3 specific programs so that every church nationwide can qualify to get financing for the equipment their growing church needs. Filling out an application gets the ball rolling on the process. A team member will contact you to further assess your needs, put together a quote, and determine next steps.
Established Church Program
- Church must be established for 7 years or more if the church is part of a major denomination. 15 years or more if the church is non-denominational.
- Church must maintain a minimum average bank balance of $7,000. Combined accounts will qualify, example: checking + savings.
- Church must be listed with directory assistance.
Newer Church Program
- Church must be established for 2-5 years or more.
- Church must maintain a minimum average bank balance of $2,500. Combined accounts will qualify, example: checking + savings.
- Church must be listed with directory assistance.
Start-Up Church Program
- Any church that has been established less than 2 years.
- Church must maintain a minimum average bank balance of $2,500. Combined accounts will qualify example: checking + savings.
- Church must be listed with directory assistance.
What’s Needed for Funding
- Last two (2) years tax returns with schedule of Debt Service Commitments (or audit), and
- If the fiscal year end of the return (audit) is more than three (3) months ago, also provide current year-to-date Balance Sheet with Debt Service Commitments and Income Statement
- For any fiscal year without a return (audit) provide comprehensive financial statements to include a Balance Sheet with Debt Service Commitments and an Income Statement
- Four Most Recent Bank Statements (for all accounts)
- Profit and Loss Statement and Balance Sheet For The Prior Year and Current Year-to-Date
- Proof of Church Ownership – Incorporation Papers, Tax Exempt ID Number
FYI – Do non-profits file tax returns? … Even though most tax-exempt non-profit organizations do not pay federal taxes (that is what ?tax-exempt? means), most do have to file an informational return with the IRS. This annual reporting return is called a Form 990.