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The BCLC accepts loan applications from Baptist churches that cooperate with their local Baptist association and their state Baptist convention. The BCLC provides loans for new construction, remodeling, parking, land, facilities, and refinancing. Listed below is some BCLC loan information for your church:

BCLC LOAN INFORMATION

Loan amounts range from $25,000 to $5,000,000.
New loans are fully amortizing, fifteen year term notes that adjust annually at the BCLC lending rate (Wall Street Journal Prime with a 4% floor).
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 BCLC debt ratio is calculated by dividing total proposed debt service by undesignated tithes and offerings. The maximum debt ratio is based on the size of the loan and ranges from 25% to 30%.

To begin the loan approval process, simply download and complete the BCLC loan application shown on the Get Started Here segment of our website. After the receipt of a completed application, the BCLC will contact your church to discuss financing options. To get an estimate of either your church’s potential borrowing capacity or monthly payments please look at the online calculators shown below:

Please note that 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.