Finance

Goff Companies assists churches to solicit and find financing for expansion projects.

All church expansion projects require a funding strategy.  Typical sources of funds are:

• Cash on hand
• Capital Campaign pledges
• Sale of assets
• Debt

Churches should limit borrowing to an amount that allows the church to remain healthy and able to fund ministry efforts during the repayment period.  However, most construction projects require some type of financing.

Lending to churches has changed as financial institutions realized that churches are good at repaying mortgages.  This has made a number of lending options available to churches that were previously limited to for-profit entities.

Goff companies is an expert at writing comprehensive and detailed Loan Requests for churches to utilize in soliciting financing proposals from multiple lenders.  Rather than employing the very expensive services of a mortgage broker, we prepare the same type of loan package that a broker would assemble.  The church can use the Loan Request Package to communicate its unique story to prospective lenders in its own words.  Receiving multiple financing offers means superior terms for the Church.

Many churches have a volunteer or staff member with the ability to assimilate and compare multiple lending offers, but without the time or experience to write and assemble the Loan Request.  Why pay for a broker when all you need is the Loan Request package?  In the event your church does not have a person experienced in negotiating with lenders, Goff can assist in actually soliciting finance proposals and negotiating loan terms beneficial to the church.

This service has been very successfully utilized by a number of clients and has been lauded by lenders as ‘the best loan request package’ ever presented for a real estate loan.  Lenders are more likely to offer advantageous loan terms when the church is viewed in such a positive manner and the project is explained in depth with an emphasis on how it will benefit the church.