Loans available to help churches enhance worship spaces

Foundation will help churches make space for missional innovation — with a focus on hospitality, accessibility, mobility, technology and energy efficiency.

The Space Enhancement Loan Program grew out of a partnership among the Foundation, the Western North Carolina Conference, Boundless Impact, and Wesley Community Development Corporation.

With the goal of creating spaces for missional innovation, this program is designed for churches to improve hospitality, accessibility and mobility, as well as update facilities with modern technology, equipment, and energy efficiency to improve ministry programs of the church.

Eligibility:

• United Methodist Churches in the Western North Carolina Conference
• Current on apportionment payments (if applicable)

Loan Terms:

• Loan amounts from $5,000 to $15,000
• Limited to 80% of total project costs
• Maximum loan: lesser of 20% of church property value or 20% of annual revenue
• Fixed interest rate
• 5-year amortization period
• No prepayment penalties, loan origination fees, appraisals, or closing costs
• Simplified application process

See the application:

Please click here to open the Space Enhancement Loan application.

To learn more, please contact Brad Crossley, Chief Financial Officer. Reach Brad at 704-817-3990 ext. 1502.