Frequently Asked Questions


Q:  Does Your Company perform personal loans?
A:  No, we specialize only in Church Loans and Commercial Finance Lending Only.
 
Q:  Do I have to have Great Credit To Apply For A Business Commercial Loan?
A:  No, we specialize in all types of credit situations.  It does  
      not matter if you have A, B, C, or D Credit!  We have a    
      program to get you and your company approved for  
      funding.
 
Q:  Are there any upfront fees or costs associated with your  
      financial services?
A:  No.  Never.  All of our fees and costs are paid at the time of closing 
      and many are paid by our network of financial parters and 
      lenders.
 
Q:  Do I have to be in business a long time to receive funding?
A:  No, we specialize in Start-up's and Small Church and Business Funding 
     as well.
 
Q:  How long does it take to get approved for funding?
A:  In most cases, we can get you approved for funding within 
     24 hours or sooner.  With closing taking place within 1- 8 
     weeks of approval.  Most closing take place within 2 weeks  
     of approval and some within 48 hours.  It just depends on  
     the financial request that is being funded.
 
Q:  What is the minimum and maximum funding I can be 
      approved for?
A:  We fund business and projects as little as $10,000 to over 
      $15,000,000 or more.   
      Basically there are no ceiling, it all depends on you and the 
      viability of your business, appropriate collateral, and financial request.

Q:  Where will my loan be closed?
A:   We will close at a location that is convenient to you in your town.

Q:  When will my first payment be due?
​A:  Usually the first loan payment is due 30 days or more from the date of
      closing.

Q:   Do you require personal guarantees on your church loans?
A:   Sometimes, but, most of the time, they are almost never needed. In rare 
       circumstances, they may be requested but this is unusual.

Q:   Are CPA prepared financial statements always required?
A:   While it is helpful, it is not required. We just need to be able to
       understand your financial statements to know whether we can help.
       Internally prepared statements can usually give us enough information.
​
​Q:  Does every church qualify for a loan?
​A:  No, unfortunately not. We have a 94% success rate!  We have lots of programs
      and we usually have something to help a church but not always.

​Q:  How long can a loan be fixed for?
​A:  3yrs, 5yrs, 7yrs, 10yrs, 15yrs, 20yrs, 25yrs.  It just depends on the loan amount.

Q:  What amortizations do you offer?
A:  10yrs, 15yrs, 20yrs, 25yrs, 30yrs

​Q:  What are interest rates right now?
A:  Interest rates vary depending on many factors including: church credit,
      location, loan type, fixed term, amortization and other things. Right now
      interest rates are near all-time lows with some fixed rates being at or near
      3%.

Q:  How long does it take to get a church loan?
​A:  It depends on the situation of the church and the type of loan.  For equipment     
      financing, we can close in 24-72 hours.  For Construction and Renovation loans 
      the situation is a little different.  There are emergency situations where we have
      closed a church funding in as little as 10 days.  This is an exception and is usually
      accomplished with our hard money product and is usually a situation where a
      church is being foreclosed on. Under normal situations you should expect the
​      process for a normal loan to take two to three months.

Q:  How can I get in contact with your office?  Where are you located?
A:  We are located at 13650 Fiddlesticks Blvd. Suite 202-175, Fort Myers, Florida.
      You can contact us at:  Office:  877-436-2788 | Fax:  239-236-0211 or by email at:        Info@TSPFinancialGroup.com.
      You can also message us by intercom on our website at the bottom right corner          of your computer screen.  We typically respond within a few hours or within 24
​      hours at the max.  Typically, all of our contact with our clients are done via phone,
      computer chat, skype or Webconference or a the church's location if needed.
      
​
Loan Programs Highlights
TSP Financial Group Easy Church Approved Loan Program Meets Your Needs

​Churches are different, and so are our church loan programs.
  • No personal guarantees.*
  • High loan to values, many of our church loan products offer up to 80% of the real estate value. We also have products that allow the church to borrow up to 90% using a first and second trust loan.*
  • No CPA prepared financials.*
  • No Tax returns.*
  • And, no upfront fees.
Furthermore, we will analyze your request in one business day and provide a written offer.
* Subject to underwriting guidelines.

Church Loan Programs | Crafted to Your Needs.Our church loan programs are designed to meet the needs of your church:
  • Purchase real estate: With loan to values up to 80% and combined loan to values up to 90%, we keep the down payment required to a minimum.
  • Refinance real estate: If you are looking to decrease the interest rate on your current loan or have a balloon note coming due, we can provide a quote in one business day. (Also, see the video on loan refinance /refinance real estate)
  • Renovation of real estate: If your church is looking for a loan to renovate or expand an existing building we can provide the loan.
  • Ground up construction: Does your church need a loan to construct a new building? We have programs that can provide 100% of the cost of the construction if you already own the property. Besides, if your church does not own property, we can provide up to 80% of the total project cost including the purchase of the land. We can also provide a construction loan that automatically turns into a permanent loan upon completion.

THe tsp financial group difference!With over 20 different church loan programs available, we can be creative too:
  • 20 and 25-year fixed loans with no balloons
  • Interest only payments
  • 5, 7, 10 year fixed loans with 15, 20 and 25-year amortizations
  • Also, loans based on equity and not credit for those churches that are in trouble with their current lender
        Further, not all programs are available in all areas, not everyone will qualify for a loan. 

​We service all types of churches and in types of denominations - we believe in equal opportunity for all.
Church Finance Loan Glossary
Essential Loan Glossary | You Should Know
​
  • Amortization is the length of time which a payment is calculated over.
  • Balloon Payment is the amount of money that will be due at the end of the Loan Term.
  • Borrower is the entity that is borrowing the money.
  • Church Loan is a loan taken out by church usually for the purpose of purchasing, refinancing, renovating or constructing real estate but it can be any loan to a church.
  • Construction Loan is a type of loan used to finance the construction of a building.
  • Interest rate is the amount of interest charged by a lender when you borrow money.
  • Loan Term is the length of time a loan is made before the balloon (if any) comes due.
  • Personal Guarantees are not normally needed on our church loans but when they are, it means that someone is guaranteeing the performance of the loan, and if the Borrower is unable to make the required payment, then the Guarantor will be required to make the payment.
  • Purchase Loan is a type of loan used to purchase a property.
  • Refinance Loan is a type of loan used to refinance an existing loan.
  • Renovation Loan is a type of loan used to renovate an existing property.