Since being established in 2000, Foundation Capital Resources has provided more than 900 loans with $1.4 billion in financing. The business itself was developed from a need that was seen within the Church. Today’s churches are moving away from strict historical ties to financing and are looking for a partner that can help, no matter their denomination, strategically plan their financing structure with them, not for them. FCR, can help meet these needs because they are a ministry, not just a business.
Financial products and services
Our financing options include permanent loans, construction loans, and lines of credit (short-term loans). Permanent loans are fully amortized, first-mortgage loans with flexible terms and competitive rates to help you purchase facilities or refinance existing loans. Construction loans are unique in that they allow interest-only payments during construction to ease a ministry's cash flow. After construction, there is a guaranteed, no-cost conversion to permanent financing. Our lines of credit provide a convenient alternative for short-term expenses, smaller renovation projects, and cash flow needs.
Churches have unique needs. As a ministry lender, we understand those needs. For example, we offer long-term loans as opposed to maximum-debt-load balloon notes because we've observed that they often leave churches stranded during times of need.
What's more, we look beyond a church's black and white numbers to consider a variety of factors. Because every ministry has a unique story, every loan we write is tailored to the church we are assisting.
Our support of ministry doesn't stop with lending. A portion of each interest payment is directed towards planting new churches, growing faith-based community programs, and supporting retired ministers.
We receive a lot of calls from churches that have gone with secular lenders and are looking to get out from under their heavy loan restrictions. These churches have had chains placed on their ministries because the lender is afraid of what they don't know. It seems these churches are seeking a faith-friendly lender who understands that giving money away is actually part of a healthy church.
Another positive trend we see is an increase in the number of church facilities being used throughout the week as a resource and gathering place for the community, not just a place for Sunday worship. We are excited about this revival of Christ's love and want to be a part of it by providing the financing needed to ensure these buildings can be completed.
Foundation Captial Resources provides free online resources to help ministries reach their financial goals. Recently we developed a new eBook, the Interactive Guide to Church Finance. It's free and includes valuable tools like a church budget template, refinance calculator, and best practices from pastors.
We are passionate about helping ministries grow and thrive. There's nothing better than seeing lives changed as a result. Here are some of our favorite stories:
"You have to have vision, you have to have people, but you also have to have financing. Even at a time when we were down and out, they took a step of faith on us that went outside of normal, that said, Hey, we're really in this with you.'"
Pastor Rob Ketterling
River Valley Church
Apple Valley, MN
"FCR said, We believe in you, and we are going to give you a loan.' And right now I am standing in a miracle, an auditorium where thousands will be able to see Jesus and His affections for them."
Pastor Derwin Gray
Indian Land, SC