Church & Association FAQs

Churches and Association Frequently Asked Questions

Please see below for loan and special project grant questions.

Loan Program

How much may a church or association borrow for a project?

The Foundation can lend up to 80% of the total project cost.

What is the interest rate?

We offer three adjustable rate options: (1.) A three-year guarantee at 1/2% above prime or 4%, whichever is greater (2.) A five-year guarantee at 3/4% above prime or 5%, whichever is greater (3.) A fifteen year fixed at 5%

For how long will the Foundation finance the loan?

Fifteen years or less

Are there any other costs associated with the loan?

Yes, the borrower will have attorney fees, title and recording fees and an origination fee (see the loan policy for details)

Who gets the interest paid for the loan?

The interest is distributed to approximately 130 different Baptist causes

Who must approve the loan application?

The Loan Committee of the Foundation’s Board of Trustees

How long does it take to get a loan approved?

After the Foundation has received the completed application and other required materials it usually takes about a week to get final approval

After the loan is approved, how long does it take to get our money?

About a month

Why does it take so long?

Legal documents must be prepared and a title search must be done. The title search is usually the item that takes the longest to complete.

What do we need to do first to start the application process?

Download and print the Tennessee Baptist Foundation Guidelines and Application. Read them carefully. Share the information with your congregation and have them vote to approve the request for a loan.

Special Project Grants

From where does the money come for Special Project Grants?

Faithful Tennessee Baptists have left portions of their estates to the Foundation for such purposes. Grants are awarded from the income derived from those memorial funds.

How may I apply for a Special Project Grant?

Download an application here.

Please email completed applications to or mail to PO Box 728 Brentwood, TN 37024

Are Special Project Grants available to support established ministries in a church or association?

No. Please read the “Special Project Grant Guidelines” posted on this website.

What is the amount of grants?

Each application is thoroughly reviewed by the Foundation’s staff and by the Executive Committee of the Foundation’s Board of Trustees. Grants are awarded on the basis of the guidelines, scope of the project and need.

Does the Special Project Grant have to be repaid?

No. The grant is a gift to encourage and enable the ministry project. The Tennessee Baptist Foundation does offer loans to churches and associations of the Tennessee Baptist Convention.

Contact us today to learn more about our services for churches and associations.