Loans Available to Churches
The Foundation makes loans to Kansas-Nebraska Southern Baptist missions and churches to purchase land, an existing building, build a new building and/or remodel existing buildings.
The loans can be for any length of time up to a maximum of fifteen (15) years with variable interest every three (3) or five (5) years.
A portion of the interest received from loans is given to the Kansas-Nebraska Convention of Southern Baptists for the support of field missionaries. The remaining interest is being added to the corpus of the Revolving Building Loan Fund so more funds will be available to loan to churches.
If you are thinking about buying, building and/or remodeling, please refer to:
The Foundation now has 2 interest rate options effective 01-01-17 as follows:
This interest rate will remain the same for three years. It will adjust on each third anniversary of the loan to the then current 3-year adjustable interest rate. It may not adjust more than 3% (300 basis points) up or down any any three year adjustment or 5% (500 basis points) over the life of the loan.
Current rate: 4.75%
This interest rate will remain the same for five years. It will adjust on each fifth anniversary of the loan to the then current 5-year adjustable interest rate. It may not adjust more than 5% (500 basis points) up or down over the life of the loan.
Current rate: 5.00%
PLEASE NOTE: The above rates are subject to change without notice.