London Baptists have some restricted funds which provide interest-free loans to churches.
Loans for Churches and Manses
Whilst most of our loans are interest-bearing and made by our trust company, London Baptists do have some restricted funds which provide interest-free loans to churches. These are, primarily, the TW Philpot Trust and the Manse Trust Fund. We are able – as funds permit – to assist churches build or develop their premises and/or purchase property with the former fund – with the latter one helping us provide manses for churches. Generally, the ‘cap’ on these loans is around £100,000 (repayable over ten years) but we have, more recently, been known to break this ‘rule’ in specific circumstances.
If a member church would like to express an interest in applying for a London Baptists loan, please contact Norman Kincaid in the first instance.