Name of Church: _________________________________ Fed Tax I.D#:___________________
Address: ________________________________________ Website:______________________
City: _____________________ County:_______________ St:_____________ Zip: __________
Phone: ________________ Fax: ____________________ Email: ________________________
Contact Person: ______________ Phone: ______________ Email: ________________________
GENERAL INFORMATION
Permanent Construction Construction and Permanent Term requested: ___________
Reason for Financing:____________________________________________________________
Loan Funds Requested: $____________________
Cash on Hand: $____________________
Pledges (Please fill out Capital Campaign section) $____________________
Total Estimated Cost of Project: $____________________
Date Church Formed: _________________ Date Incorporated: ____________
Seating Capacity of Worship Center: ____________ # of Worship Services: _____
Do You Operate a School? __no ___yes (Grades:____) Daycare? ___no ___ yes (Ages: _______)
Last Full Year of School/Daycare Receipts: $______________ Expenses: $_________________
LEADERSHIP INFORMATION
Senior Pastor:___________________ Since: _____ Yrs in ministry: ____ Full time? __yes __no
Phone:____________________________ Email:_______________________________
Trustee Chair:__________________________________________________________________
Phone:___________________________ Email:_________________________________
Elder Chair:____________________________________________________________________
Phone:___________________________ Email:_________________________________
COLLATERAL Appraisal Commercial Real Estate Analysis Tax Assessment Date of valuation: ___________Name of valuing entity: ___________________
Approximate Value (Existing Land & Improvements): $___________________________
Other Collateral (Property for sale, cash, assets, etc.) $___________________________
Total Collateral: $___________________________
Please list all property owned by the church:
Address: _______________________________________________________________
County Tax #: __________________________ Value: _______________________
Address: _______________________________________________________________
County Tax #: __________________________ Value: _______________________
Please attach a separate sheet if there are additional properties. CFC will request a preliminary Title Report based on the above information.
Membership Worship Attendance Sunday School Attendance
Current Year ______________ _________________ _________________ Prior Year ______________ _________________ _________________
Prior Year ______________ _________________ _________________
FINANCIAL INFORMATION
General Fund Receipts General Fund Expenses Building Fund Receipts
Current Year ______________ _________________ _________________
Prior Year ______________ _________________ _________________
Prior Year ______________ _________________ _________________
Current balance: Savings: _________ Building Fund: _________ Other (specify): _________ Missions giving: CP: _______ Assoc: ________ Local:___________ Other: ______________
CAPITAL CAMPAIGN/PLEDGE DRIVE INFORMATION
Current Campaign/Pledge Drive Began: _____________ Amount Pledged: ______________
Term of pledges: ____________ (months/yrs) Collected to date:______________
Type of campaign: Outside consultant (Firm: ________________) In-house campaign
CREDITOR INFORMATION
Total Existing Debt: $_________________________ Any past defaults? yes no
Creditors
Name: _______________________________ Outstanding Balance: $______________
Address: ______________________________ Monthly Payment: $________________
______________________________________ Phone #: _________________________
Name: ________________________________ Outstanding Balance: $______________
Address: ______________________________ Monthly Payment: $________________
______________________________________ Phone #: _________________________
Please attach separate sheet if there are additional creditors.
ADDITIONAL DOCUMENTATION
Please attach the following information to this application:
Letter of Request (explanation of purpose for loan)
Loan Application Fee ($400 in NM; $600 outside NM) may be refunded*
Resume of Senior Pastor
Title search – with standard exceptions
Deed to property (if applicable)
Zoning map
Surveys: ILC, boundary
environmental report (EDR Screen or Phase I), if required
Appraisal or Commercial Real Estate Analysis of property
Digital photos of church property
Tax Assessor Report on property
Mortgage or Note ( if refinancing)
Copy of Articles of incorporation, By Laws and Statement of Faith (if non SBC)
Brief church history, List of Trustees/Board Members/Deacons
Current Certificate of Good Standing or Annual Report from Secretary of State / Public Regulation Commission
Copy of Annual Church Profile for last 3 years ( if SBC church)
Annual Profit & Loss ( Income & Expense) and Balance Sheets for the last 3 full years
Current year to date Profit & Loss and Balance Sheet
Current and previous year annual budget
Congregational approval to apply for loan from CFC
Purchase agreement ( if purchasing property)
If Construction:
Preliminary drawings with detailed cost estimates
Contractor and Architect information; contracts or agreements
Information about volunteer labor
Project calendar – building completion schedule
Economic breakdown of congregation
Age demographics of congregation
Number of family units in congregation and tithing family units
Details of capital campaign. if any
Evidence of Insurance (liability, builder’s risk, etc.)
*application fee will be refunded if CFC denies loan application
This Application was prepared by: Signature: ______________________________ Name: _________________________________ Title: __________________________________ Date: __________________________________
Please return application and supporting documentation to:
Church Finance Corporation
2511 Wyoming Blvd NE
Albuquerque, NM 87112
Or email to:
jeff@churchfinancenm.org
Or fax to: 505-332-2777