Step 1: Understanding your unique vision & needs
- Before getting started it is important that we know exactly what the church hopes to accomplish so we can provide the best track for connecting where you are and where you want to be.
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Step 2: Analyzing your Financial Position
- Provide financial history of the church
- Last 3 years & Year-to-Date Income/Expense Statements
- Last 3 years & Year-to-Date Balance Sheets
- Collateral valuation
- Loan request Overview
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Step 3: Choosing the best solution to meet your needs
- After analyzing the Church's financials and loan request, Church 1st will provide you with a no-cost no-obligation Preliminary Financing Proposal. It is then up to you to determine if you would like to proceed.
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Step 4: Application and Document Preparation
- Begin to collect the required documentation and complete our application
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Step 5: Loan Submission, Approval, and Closing Once you have chosen the best alternative, Church 1st will assist your ministry through the process of pre-approval and closing, serving as the church's primary contact to answer any questions the lender may have and gathering any additional documentation that may be required.
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