Church Loans for Construction Remodeling Growth

The NTAG Church Loan Fund is available as a ministry partner to Assembly of God churches in the State of Texas. Loan funds are made possible by churches, individuals, and businesses investing with the CLF. To apply for a church loan, follow these instructions:

Step 1

Download and read carefully the approval criteria. Note particularly the responsibilities of the church as it relates to deed, name of church, and constitution.

Documents Needed

Step 2

Fill out the loan application and financial report as completely as possible.

Application

Step 3

Download and read carefully the approval criteria. Note particularly the responsibilities of the church as it relates to the deed, name of the church, and constitution.

List of Presbyters

Step 4

Return application to district office to the Church Loan Fund with a copy of your constitution and property deeds, and a copy of the church minutes of the meeting approving application for a loan. When the application has been received, it will be presented to the Executive Presbytery at the earliest date possible. Please be advised that each application will be considered on the basis of:

1 | Availability of funds 

2 | Justification of need

3 | Priority of filing dates

4 | Co-endorsement of the Sectional Presbyter pledging their assistance to the assembly in the event the assembly should face difficulties in meeting their monthly payment.

It is our desire to be able to help you with your request. However, applications must also be considered on the basis of funds available and the church’s ability to pay. Should your application be approved an insurance binder will be required.

LOAN EVALUATION CALCULATOR

Loan Calculator v2

Income

Tithes/offerings given and not tied to any specific use.
Money given that is intended for a specific purpose. (i.e. capital campaign, missions, youth camp, etc...)
This is for non-traditional sources of revenue. Merchandise, rental income and concert ticket sales would be examples.
Enter the number of Giving Units that contributed to your Annual Undesignated and Designated Income.

Expense

All expenses other than your current lease or mortgage payment.
This is what you pay for your current facility.

Loan

This is the total amount you expect to finance.
This is the total value of the property you want to finance.
years
How long would you like to amortize your loan? Churches will typically go 20 or 25 years.
%
What do you anticipate a lender charging you for the loan?