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Loans
Providing Low Cost Loans
LCEF provides low-cost loans to build space and place to help fulfill God’s mission.
Whether you're needing commercial loan assistance to build, remodel or purchase equipment for your church or if you’re a rostered church worker needing personal loan assistance, LCEF can provide many types of loan products to help you.
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Growing your congregation by building, remodeling, purchasing equipment or refinance...
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Purchase, refinance or receive a home equity loan for your primary, single family residence or consolidate debt...
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New MyAccount services coming!
Several new features are being added to the MyAccount tool, including e-statements and the ability to pay your monthly expenses online! See the full article for more details.
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Pittsburgh Church Uses Funds to Improve and Expand Opportunities
The congregation at Good Shepherd Lutheran of South Hills, Pa., put funds from an LCEF loan to work in a variety of ways: an elevator and restrooms for the less mobile, remodeled offices, higher efficiency heating, new flooring, and paint.
But something the congregation is excited about for this summer is the addition of a patio. Pastor Dan Strussenberg said that since the church does not have air conditioning, Sunday 11 a.m. worship services will be conducted outdoors beginning May 31. This should bring more people to Sunday services, along with the other improvements made to make the church more accessible.
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Fire Delays but Doesn’t Dampen Construction
Four weeks from moving into its new sanctuary, the Holy Trinity Lutheran Church, Rome, Ga., congregation received shocking news: a January fire caused enough damage that the new structure had to be gutted to the framework. That set the congregation back about five months in the building process. Members of this congregation of 200 have to sit “shoulder-to-shoulder” when there are guests in the pews, Pastor Jack Karch said, so they decided to build, using LCEF as their loan partner. They expect to be in the new church by summer’s end.
Despite the setback, Karch said the congregation remains positive. “I told everyone there are two kinds of problems in the world: the kind money can fix and the kind money can’t fix. For the kinds of problems that many people face that money can’t fix, we turn to the Lord…He’s the only one that can fix those,” Karch said.
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Merged Congregations Building Ministry, Church Together
Shepherd of the Coast, Ft. Lauderdale, Fla., was created after Grace Lutheran, Peace Lutheran, and Hope Lutheran churches merged in 2008. This congregation now operates a church, an elementary school and preschool near a large hospital, with a vision to serve employees as well as patients and their families. After selling the other two churches, Shepherd purchased some adjoining property and is remodeling its existing facilities and constructing additional space. LCEF was able to provide a loan to cover construction costs while the congregation conducts a capital campaign. The congregation broke ground in April of this year, but had already had signs of the congregation’s outreach: two children from the school ministry were baptized into God’s Kingdom in February.
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Church Serving Two Colleges Moves to New Location
St. John Lutheran Church is currently situated in the heart of Farmville, Va. The congregation continues to attract new people in worship, particularly from two colleges that are in the area. This growth was the catalyst for members to decide to relocate in order to better serve the community. After much prayer, the congregation decided to relocate to a larger piece of property about a mile outside of town rather than repair and renovate its current worship site. With the assistance of an LCEF loan, construction has started on a new 12,500-square-foot building that will include a sanctuary, fellowship hall, offices, a kitchen, eight classrooms, and large narthex.
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Post-Construction Tip: Be Ready for More Outreach in New Ministry Space
Laborers For Christ can bring your members together in worship and volunteerism, and very often their witnessing mobilizes congregations to accomplish more outreach once construction is complete. Be ready by reviewing your supplies and furnishings; go to the CPH Church Renovations Web site for pew accessories, offering plates, new altar adornments, etc.
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Partners Provide Funds, Steeples, Lutheran Symbols
With a church renovation or new construction project, there is a long list of details. For help with everything from start (campaign readiness study) to finish (furnishing the altar and worship space), Concordia Publishing House (CPH) and LCEF are your partners for creating the space needed and reverent atmosphere expected. See the CPH Church Renovations Web site, or the loan or Ministry Services areas of LCEF’s Web site to find out about all of the resources we have to offer your congregation.
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Finding a Solution in Your Own Backyard
John and Mary Durkin like to help and educate others. The parents of two young children, John serves as Director of Christian Education (DCE) at St. John Lutheran Church, Indianapolis, Ind., and Mary is a part-time kindergarten teacher at Emmaus Lutheran Church, also in Indianapolis. They were considering debt consolidation options, but the firms they talked to only seemed able to offer a partial resolution. Then John found a faith-based solution — LCEF’s Rostered Church Workers Debt Consolidation Loans.
The couple is now saving a considerable amount every month, more than they expected.
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Lines of Credit for Organizations
Use Lines of Credit to fund non-budgeted expenses and for anticipated cash flow deficiencies in your operating budget on a recurring basis. LCEF's Lines of Credit offer loan dollars and ministry-focused services to help your church as it seeks to fulfill God’s mission. LCEF is your lending partner!
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Think this is the wrong time to build? Think again.
Take advantage of lower construction costs. Now could be the perfect time to build! Not only are contractors eager for work, but LCEF's Laborers For Christ can help lower construction costs even more. Learn more about LCEF's Laborers For Christ.
Seize the opportunity to build with a low-cost LCEF loan. Whether you are needing commercial loan assistance to build, remodel or purchase equipment for your church, LCEF provides low-cost loans to build space and place to help fulfill God's mission.
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