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How to use or fill out CHURCH LOAN APPLICATION FORM FORM IFLCRM005
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Click ‘Get Form’ to open it in the editor.
Begin with the 'CHURCH DETAILS' section. Fill in the church's name, type of company, tax identification number, and date established. Select the ownership type and provide the head office location along with contact details.
Move to the 'TREND IN POPULATION' section. Enter data for current year, one year ago, and two years ago regarding church members, council/board members, and pastors.
In the 'TREND IN CASH FLOW' section, input financial data for collections, tithes, welfare funds, and other donations for the specified years.
Complete the 'CHURCH BOARD OF DIRECTORS' section by providing details about each board member including their responsibilities and contact information.
Fill out 'BANKING RELATIONSHIP DETAILS' with your current bankers' information and authorized signatories.
In 'SOURCES OF FUNDING', list lending institutions from the past two years along with finance nature and status.
'NEW FUNDING REQUIREMENTS' requires you to specify loan amount requested, term in months, proposed installment, purpose of loan, and collateral.
'DIRECTOR’S PERSONAL GUARANTEE' needs personal details of directors including ID type and residential address.
'GUARANTOR' requires similar information as above for any guarantors involved.
'WITNESS' section should be filled out with witness details followed by a declaration confirming all provided information is accurate.
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