Grants and Loans

LOANS TO CHURCHES

HEBA’s trustees have re-opened the HEBA Loan Fund!
The object of the Fund is “the advancement of the Christian religion by making loans to Baptist churches within the association, for the purpose of assisting with the financing of:

• new building projects for church purposes
• the purchase of buildings for church purposes
• extensions or major Structural repairs for church buildings and manses, and
• alterations to church buildings and manses”

Terms of the loans:

Interest: base rate minus 1%, minimum interest 1%

Amount: - Minimum £25,001       Maximum per application £200k; we fund match 50% with applicant covering the remaining 50%

Term: Maximum of 10 years

The board of trustees will consider exceptional cases and may override the terms above where deemed necessary.

Applications: The application process and forms will be loaded onto this page soon.

INTEREST RATES

Competitive rates are available on deposits and applied to any amount. Please allow up to one week for the funds to reach your church bank account.

LOANS

Information on loans to churches which are available from other parts of the Baptist Family is available here.

GRANTS

For a summary of grants available, including how to apply, see here.