Loan Information

Loan Qualifications

BCLC accepts loan applications from Baptist and like-minded 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.

Rates

Please call 844-273-7713 for low one-year, three-year, and five-year interest rates.

Supported Project Types

BCLC provides loans for new construction, remodeling, parking, land, facilities, and refinancing. Most property-related projects qualify as projects that BCLC supports. BCLC will use the property as collateral for the loan.

Liens/Collateral

BCLC takes a first lien on all church land and improvements. The maximum loan to value is dependent upon the size of the loan and ranges from 60% to 75%.

Loan Sizes and Terms

The minimum loan amount for a new construction loan with BCLC is $500,000. For minimum loan amounts for remodeling projects, please contact us at (844) 273-7713.

New loans are fully-amortizing, fifteen or twenty-year term notes that adjust according to the interest rate option that was selected by the church at loan closing (one-year, three-year, and five-year rate options available).

Loan Approval

Loan approvals are not based solely upon financial ratios. The BCLC also looks at other areas such as: leadership, ministry impact, commitment of the members, growth potential, and church location when reviewing loan requests.

States We Serve

BCLC was founded in 1952 with the purpose of serving Texas, Baptist churches. Over the next 50 years, BCLC was able to help many churches within Texas borders. But beginning in 2013, God put it on the heart of our leaders to help churches outside of the state. In 2014, BCLC officially expanded to all states in the Southeast region. God opened another door for BCLC to expand again in 2017, and now BCLC serves Baptist and like-minded churches across 34 states.

More Resources

Frequently Asked Questions

Loan Qualifications

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