“As a new pastor coming in to Crestview, communication has been seamless with the Alabama-West Florida Development Fund. They have helped us make ministry possible. Working with the Development Fund was a no-brainer.”
— Reverand Michael Precht, Crestview UMC
How Churches Can Begin the Loan Process
1. Meet Requirements
Meet Discipline requirements and approval from the District Buildings and Location Committee and approval at a called church conference.
2. Secure Pledges
Conduct a financial canvass by the borrowing congregation, bona fide pledges made, and secure pledges in an amount equal to the total of at least 2 or 3 years of the amortization schedule.
3. 10% of Proposed Project
A church must have a minimum of 10% of the total cost of the proposed project in hand in a separate building fund account at the time the loan is approved.