Peachstate Financial Services arranges church loans through the sale of church bonds for the purpose of church construction projects or refinancing. This type of Christian lending offers the following advantages:
- prompt and timely funding of the loan
- fixed interest rate church finance
- up to 20 years to repay without frequent refinancing
- no personal guarentees
- open-end financing is available, if qualified
- no prepayment penalty
- church members have the opportunity to benefit financially
How do church bonds work?
- Church and Peachstate Financial determine the appropriate size and timing of bond issue.
- Church completes and submits required documentation: contract, resolution, appraisal, financial statements, legal opinion, application, other supporting documentation.
- Peachstate Financial assimilates all documentation, prepares bond issue, prepares announcement materials, files program with applicable state and national agencies, prepares church for sales campaign.
- Prior to effective date, church informs it's membership of bond offering through prepared announcements and investment seminars.
- On effective date, church members purchase bonds and, if necessary, bonds are offered to public investors on an open market basis.
- Church begins making "sinking fund" payments as is required by the amortization table.
- When bonds are sold, church uses "bond proceeds" to finance it's specific project.
- Investors receive their repayment of principal and/or interest on semi-annual paydates, depending on the type and maturity of bond purchased.
Below you will find links to several extremely informative articles on funding for church facilities. They were written by Russ Priddy who holds a business management degree from Marshall University and a master of divinity degree from Midwest Baptist Theological Seminary. Hope you enjoy! Why Pastors Leave After Church Building Programs Fundraising on Firm Ground Denied! Why churches fail to get the financing they need 8 Principles to Help You Guide Your People Through a Building Campaign Are You Really Ready to Build? A Run for Your Money Church Bonds Building Programs 101- the10 most common mistakes church leaders make
We welcome the opportunity to prepare a proposal for your church. All you have to do is fill out the "mini" application below and hit the submit button.