Loans, Experience, and
Expert Advice

Get financing for everything your Alliance church or ministry needs: purchasing property, constructing new buildings or additions, renovating existing buildings, refinancing existing loans, or lines of credit for any purpose. We are a partner that understands the unique needs of Alliance ministries because we have been serving the Christian and Missionary Alliance since 1959.

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Line of Credit

Orchard Alliance provides lines of credit in two forms.

Companion Line of Credit

A “Companion Line of Credit” is tied to a new or existing Orchard Alliance loan, other than a SUN Loan, and the amount available is based on the original loan amount.

Terms:

  1. A Companion LOC will be limited to $100,000 or 10% of the original amount approved for the companion loan, whichever is less.
  2. The LOC will bear the same interest rate as the companion loan plus 25 basis points (0.25%).
  3. The LOC will carry the same maturity date as the companion loan.
  4. The LOC may not carry a balance for more than 47 consecutive months and must maintain a $0 balance for at least 30 consecutive days to reset the 47-month countdown.
  5. The borrower must make monthly payments of all accrued interest.
  6. Payments to the companion loan will not be permitted unless the LOC is current.
  7. The LOC will terminate as soon as it has a $0 balance after repayment of the companion loan. Any outstanding LOC balance must be repaid before OA will satisfy the security document of the companion loan.
  8. A borrower with an existing loan may apply for a companion LOC at any time. The size limitation of such an LOC will be based on the original amount approved for the companion loan.

Independent Line of Credit

An “Independent Line of Credit” is for churches that do not have a regular Orchard Alliance loan, or that would prefer a line of credit that is not tied to another loan.

Terms:

  1. Independent LOCs will be limited to $100,000 or 10% of the most recent year’s operating income, whichever is less.
  2. The interest rate will be adjustable monthly and set at the OA Base Rate (the “index” plus 350 basis points (3.50%).
  3. The term will be 12 years.
  4. The LOC may not carry a balance for more than 47 consecutive months and must carry a $0 balance for at least 30 consecutive days to reset the 47-month countdown.
  5. The borrower must make monthly payments of all accrued interest.

For more information, complete the form below or call 833.672.4255.

Questions about Loans?

We’d love to hear from you.