New Church Loan Website Educates and Resources About Ministry Financing

BURLINGTON, NJ - The economic downturn has affected even the most faithful members of communities, and many growing churches are feeling the crunch of limited financial resources. To help churches learn what capital is available and where to find it, New Jersey Financial Services (NJFS) has launched a new website (http://www.njfinancialservices.org) where ministries can self-educate and find information on church construction loans, church refinancing and loans to purchase a new building or property.

“The biggest impact the credit crisis has had on the local church is the reduction of available capital. Lending has severely constricted, and local churches are having an exceptionally difficult time finding mortgage money to expand,” says Dave Dallenbach, Senior Loan Consultant.

This website is designed to help ministries understand what’s happening in the financial industry, what type of loan solution they need, and the type of lender they should look for. “Church lending is all about matching your ministry’s need with a lender’s tolerance for risk. It’s a delicate balance,” says Dallenbach.

Historically in severe economic downturns, church attendance typically grows, and this website comes just in time to help congregations take the reigns in a new and changing financial industry.  “As individuals and families lose their jobs, or suffer significant losses in their investment they turn to church or chapel for hope,” says Dallenbach.

Http://www.NJFinancialServices.org includes valuable church lending news and information on:

• Determining if you can afford to build a new church;
• Build, relocate or refinance; which makes sense?
• Key info you must have before buying property for a house of worship;
• How to find the right architect, engineer and general contractor;
• Exposing hidden church construction costs;
• Is it time to lower the interest rate?
• Ministry financing solutions to avoid foreclosure.

The new website is open and free to the public at http://www.njfinancialservices.org.  A successful Wall Street executive for more than 3 and 1/2 years with Merrill Lynch, Dallenbach brought his experience and knowledge of church lending to NJFS in 1998.  Now Dallenbach is a recognized expert in the field of large capital real estate related construction for non-profit ministries.  For a free conference call to discuss lending opportunities, Dave Dallenbach can be reached at 888-879-0929.