What can Churches do that will make them more attractive to get a loan?
Churches can hire an outside auditor to keep track of the books or help in explaining proper book keeping skills. Churches can also create a proper explanation of what they intend to do with their loan. Whether it is to rebuild, remodel, or add an addition, the more detailed and thought about the more promising the loan prospects. The church could also set forth a plan to increase revenue streams. By showing a proper plan to increase revenue the more likelihood of receiving a competitive loan as well as the right documentation can help in appearing attractive to lenders.
