ABEC Loans of $50,000 or more are secured by a mortgage, deed of trust, or funds deposited in ABEC. These loans are typically used for property acquisition, new construction and major renovations.
We fund projects that are architecturally sound, support the church's ministry goals and exhibit good stewardship of both human and natural resources.
We think you will find that borrowing from ABEC is a better alternative than borrowing from your local bank or other lending institution. Our rates are competitive and our service is geared to the needs of churches.
Secured loans are normally made for a 3 year term and are renewable. The average amortization is 15 years. The interest rate adjusts to ABEC's standard rate in effect at the time of each extension.