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I WILL HELP YOU COMPLETE CHURCH FINANCING FORMS TO GET A CHURCH LOAN (Boston)
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I am an accountant with over 20 years’ experience in the nonprofit industry. A Christian who believes in the kingdom of God and first and foremost to serve church ministries, small and large.
CHURCH FINANCING PRE-APPLICATION CHECKLIST
QUESTIONNAIRE SECTION: PRE-APPLICATION INFORMATION
CHURCH NAME
1-Legal Name:
TYPE OF LOAN REQUESTED:(Choose, Indicate With X)
2-Line of Credit Cash Flow (Provide access to funds. Interest only paid on amount drawn):
3-Working Capital Cash Flow (Provide lump sum amount. Repaid with interest over time):
4-Bridge (Cover timing gaps in donations, grants, campaigns, etc.):
5-Property Construction:
6-Property Purchase:
7-Property Renovation:
8-Property Refinance:
9-Current Loan Refinance:
10-Equipment:
11-Vehicle:
12-Other:
LOAN AMOUNT REQUESTED AND TIMELINE
13-Amount Of Loan Requested:
14-Preferred Number of Years to Repay Loan:
15-Preferred Number of Months to Repay Loan:
16-Date Funds Will Be Needed:
PROPERTY INFORMATION (If Applicable)
17-Property Value Today (Existing):
18-Property Purchase Price (To Buy):
19-Amount of cash available for down payment (To Buy):
BANK INFORMATION
20-Name Of Current Bank(s):
21-Average Monthly Deposit: Checking:
22-Average Monthly Expenses: Checking:
23-Average Monthly Deposit: Savings:
24-Average Monthly Expenses: Savings:
25-Person In charge of banking decisions and stat recons:
BUDGET INFORMATION
26-Annual Budgeted Income:
27-Annual Budgeted Expenses:
DEBT (If Applicable)
28-Current Lender:
29-Outstanding Debt Amount:
30-Interest Rate(s):
31-Origination And Maturity Date(s):
CHURCH CREDIT
32-Church Credit (Good, Fine, Not So Good):
CHURCH ORGANIZATION
33-Legal Name Address:
34-Denomination:
35-Date Founded:
36-Length Of Time at Location:
37-Tax ID/EIN Number:
38-Pastor Name:
39-Phone Number:
40-Website:
41-Email:
42-Fax:
43-Primary Loan Contact Person:
44-Contact Person's Relationship with Church:
45-Contact Loan Phone Number:
46-Contact Loan Email:
47-Central Organizational Body (diocese, etc.):
48-Does The Central Body Provide Financial Support:
49-Does Your Central Body Require Tithes Send to Them:
50-Does Church Own Worship Property:
51-Monthly Mortgage Payment:
52-Does Church Rent:
53-Monthly Rent Payment:
54-End of Rent Lease:
55- Entities Associated with Church (e.g. Day Care):
56-Total Number of Employees Between All Entities:
CLERGY/STAFF/BOARD
57-Name of Head Clergyman:
58-Length Of Time with Organization:
59-Full-time/Part-time:
60-Other key staff, clergy, leaders, board members: (Name, Position):
CONGREGATION INFORMATION
61-Size Of Total Congregation/Membership: Current Year to Date:
62-Size Of Total Congregation /Membership: Previous:
63-Size Of Total Congregation/Membership: 2 Years Ago:
64-Size Of Total Congregation/Membership: 3 Years Ago:
65-Number Of Giving Units: (defined as family units or single adults who give $200 or more per year): Current Year to Date:
66-Number Of Giving Units: Previous Year:
67-Number Of Giving Units: 2 Years Ago:
68-Number Of Giving Units: 3 Years Ago:
69-Average Weekly Worship Attendance: Current Year to Date:
70-Average Weekly Worship Attendance: Previous Year:
71-Average Weekly Worship Attendance: 2 Years Ago:
72-Average Weekly Worship Attendance: 3 Years Ago:
CAMPAIGN INFORMATION (If Applicable)
73-Is Church Currently in A Fundraising Campaign:
74-Amounts Of Pledges Given:
DOCUMENTS SECTION: PRE-APPLICATION INFORMATION
DO YOU HAVE THE FOLLOWING DOCUMENTS? PLEASE ANSWER WITH THESE LETTERS:
A – Means Church has documents available and can provide them now if asked.
B – Means Church does NOT have documents available now but can provide information to prepare or complete them.
C – Means Church does NOT have documents available now and also NO information to prepare or complete them.
FINANCIAL STATEMENTS (Profit & Loss and Balance Sheet)
75-Financial Statements: Current Year to Date:
76-Financial Statements: Previous Year:
77-Financial Statements: 2 Years Ago:
78-Financial Statements: 3 Years Ago:
BANK STATEMENTS
79-Bank Statements/Investments: Current Year to Date:
BUDGETS REPORTS (Projected Budget as Compared to Actuals)
80-Copy of Budget Comparison: Current Year to Date:
REVENUE SOURCE REPORTS (Core Contributions, Campaign Funds, Mission Funds)
81-Revenue Source Report: Current Year to Date:
82-Revenue Source Report: Previous Year:
83-Revenue Source Report: 2 Years Ago:
84-Revenue source Report: 3 Years Ago:
85-Pledges received and collected (If applicable)
GIVING UNIT REPORTS (Defined as Family Units or Single Adults Who Give $200 Or More Per Year)
86-Giving Units Report: Current Year to Date:
87-Giving Units Report: Previous Year:
88-Giving Units Report: 2 Years Ago:
89-Giving Units Report: 3 Years Ago:
DISCRETIONARY EXPENSES REPORTS (Expenses Not Covered by The Regular Budget Such as Assisting Individuals with Rent, Utilities, etc. Done In a Format That Can Be Related to The Financial Statements That Were Provided)
90-Discretionary Expense Report: Current Year to Date:
91-Discretionary Expense Report: Previous Year:
92-Discretionary Expense Report: 2 Years Ago:
93-Discretionary Expense Report: 3 Years Ago:
STAFF MEMBER’S REPORTS (Breakdown of Each Staff Member’s Salary and Other Forms of Compensation)
94-Staff Compensation Report: Current Year to Date:
OUTSTANDING DEBT (If Applicable)
95-Outstanding Debt Report: Original Loan Vs Current Loan:
CREDIT REPORT
96-Credit Report:
CHURCH STRUCTURE
97-Copy of Articles of Incorporation:
98-Copy of Constitution:
99-Copy of By-Laws:
100-Copies Of Other Entities Church Formally Affiliated With:
101-Brief Church History:
102-Leadership Bios: