Loans for Churches in Bankruptcy - Good or Bad Credit Church Loans
Griffin Capital Funding used its private money loan fund to save a church building from being foreclosed on. The church had attempted to get a loan from their bank but was turned down and called Griffin Capital Funding for help. Griffin Capital Funding stepped in to finance the loan.
FREDERICKSBURG, Va., March 7, 2019 /PRNewswire-PRWeb/ -- Griffin Capital Funding celebrates 20 years of helping churches in 2019. While they celebrate their milestones and accomplishments, they are putting special emphasis on their decision to expand their product base by making good credit and poor credit loans to churches. It is one of the pivotable moments in the company's history because it filled the gap for churches that did not qualify for traditional financing products.
Griffin Capital Funding felt there were churches with great purpose that were giving up because they could not qualify for financing. They decided that there needed to be an answer for those churches and decided to start a private money division. This division helps churches facing hard times such as poor credit, tax issues, foreclosure, and bankruptcy. "We founded our company twenty years ago to provide loans to churches. Nine years ago, we started the private money division to focus on helping churches with serious financial issues. Some said we were crazy, that churches with poor credit were not a risk worth taking. Well, I am proud to say that in the nine years we have only had to take one church back." Stated John Berardino, President of Griffin Capital Funding.
Recently, the loan fund helped a church in Florida. The church had a turn of bad events and to make matters worse was declined for a loan from their bank. Their sanctuary needed some improvements, but then things got worse. Their air conditioning failed, and they needed a new system. This can be devastating in the soaring summer heat of the sunshine state. Now they were losing members, because they did not want to sit in a sweltering building. They had to find a solution and fast! That is when they found out about the Griffin Capital Funding private money loan fund and applied. Griffin Capital closed their loan, the air conditioning was replaced, and membership is climbing. This church could have lost everything which is why the private money fund was created.
If you know of a church looking for a loan, please tell them to visit http://www.churchloans.net or to call Griffin Capital Funding at (800)710-6762.
About Griffin Capital Funding (http://www.church-loan.com ):
Griffin Capital Funding has been serving churches for 20 years by providing church loans for the refinance, construction, renovation, and purchase of almost any church building (church-loan.com). On average, Griffin provides about $100,000,000 a year in loans to churches. Griffin Capital Funding is one of the most well-known and respected church financing companies in the country. Griffin Capital Funding also offers loans to for-profit businesses through the SBA 7A and 504 loan programs.
SOURCE Griffin Capital Funding
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