Loan Qualifications

 

BCLC interior image 5

Standard Permanent Loans

The BCLC accepts loan applications from Baptist churches, which cooperate with their local Baptist association or their state Baptist convention, and from BCLC Supported Churches as defined in our Vision, Mission, & Core Beliefs. The BCLC provides Standard Permanent loans for new construction, remodeling, parking, land, facilities, and refinancing.  Listed below is some additional information:

  • New loans are fully amortizing, fifteen to twenty year term notes.
  • The BCLC takes a first lien on all church land and improvements.
  • The maximum loan to value is based on the size of the loan and ranges from 60% to 75%.
  • The maximum debt ratio is based on the size of the loan and ranges from 25% to 30%.

BCLC Capital Stewardship Pledge (CSP) Loans

The BCLC accepts loan applications from Baptist churches, which cooperate with their local Baptist association or their state Baptist convention, and from BCLC Supported Churches as defined in our Vision, Mission, & Core Beliefs.  The BCLC provides CSP loans for new construction, remodeling, parking, land, and facilities.

The BCLC CSP Loan Program is designed to help churches use their uncollected pledge commitments as a source for loan funds. Churches must have completed a successful three year pledge campaign conducted by a BCLC approved capital stewardship group and must commit to use future pledge receipts to repay its CSP Loan within a four year period.  

Please contact BCLC Church Lending for additional information.

 

 

 

Apply Today
Loan Application

More Resources

Helping Our BCLC Community

 

Contact BCLC

(214) 828-5140

This email address is being protected from spambots. You need JavaScript enabled to view it.

P.O. Box 150098
Dallas, TX 75315-0098

Office hours:
8 a.m. - 4:30 p.m. CT