Ministry First Construction Loan
You’re building more than a facility.
We understand that you’re building more than a church, school, or ministry facility. You are investing resources to build the kingdom. We also know the significant role that financing can play in your project. The Ministry FirstSM Construction Loan lets you focus on building what truly matters. People.
FEATURES & BENEFITS
A Ministry First Construction Loan provides:
- A rate incentive when you bank with ECCU
- No prepayment penalty
- Lower costs since performance bonds are generally not required
- Contingency reserves to cover unplanned cost overruns
- No required personal guarantees
- Interest-only payments during construction
- Locked-in fixed rate
- Construction and permanent financing combined to reduce paperwork and costs.
- Construction administration support throughout your project
- 2013 Church Budget Allocations, Learning Priorities, and Quarterly Financial Trends
- What matters most in ministry banking?
- Christianity in America and Quarterly
- Quarterly Ministry Trends, Cash Reserves, and Ministry Confidence
- When to Build or Not
- A Ministry’s Life-Changing Impact Increases
- Taking church to…the mall?