The Church Loan Readiness Checklist

Church Basics

• Legal name, EIN and proof of nonprofit / 501(c)(3) or church status
• Articles of incorporation and bylaws
• List of board members / trustees and officers
• Denominational affiliation letter (if applicable)
• Church history, mission and vision summary

Financials

• Last 3 years of financial statements (income, expenses, balance sheet)
• Current year-to-date financials
• Last 3 years of bank statements
• Giving records: tithes and offerings by month for 3 years
• Current debts and monthly obligations
• Reserve / savings account balances

Congregation

• Average weekly attendance (3-year trend)
• Membership count and number of regular givers
• Staff list and budgeted payroll
• Current rent or lease agreement and expiration date

The Property

• Address and purchase agreement or letter of intent
• Seller / listing information and asking price
• Photos and description of the facility
• Zoning and permitted-use confirmation (church use)
• Any planned renovations with estimates

Your Plan

• Down payment source and amount available
• Capital campaign plan or pledges (if any)
• Projected budget with the new payment included
• Board resolution authorizing the purchase and financing