Converge Cornerstone Fund The Impact of COVID-19 and Ministry - - PowerPoint PPT Presentation

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Converge Cornerstone Fund The Impact of COVID-19 and Ministry - - PowerPoint PPT Presentation

Converge Cornerstone Fund The Impact of COVID-19 and Ministry Lending S T A R T . S T R E N G T H E N . S E N D . Webinar presenters Kirk Tate Assoc. Director of Church Lending kirk.tate@converge.org Barb Ehlers Relationship Specialist


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S T A R T . S T R E N G T H E N . S E N D .

Converge Cornerstone Fund

The Impact of COVID-19 and Ministry Lending

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STAR T. STR ENGTHEN. SEND.

Webinar presenters

Barb Ehlers Relationship Specialist

Barb.ehlers@converge.org

Kirk Tate

  • Assoc. Director of Church

Lending

kirk.tate@converge.org

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STAR T. STR ENGTHEN. SEND.

Distinctives of a Cornerstone Fund Partnership

  • As a member of the Converge Family, we are committed to being

a partner with you in ministry.

  • With 65+ years of experience, we have experience in working

with churches through difficult times.

  • We are committed to the mission of starting and strengthening

churches worldwide. In both 2018 and 2019, the Converge Cornerstone Fund gave back $1.8MM each year to help start and strengthen churches globally.

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STAR T. STR ENGTHEN. SEND.

Partnering through the crisis

  • Is the Cornerstone Fund still lending during this time?
  • How have Cornerstone Fund’s rates been impacted as a result of

the COVID-19 crisis?

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STAR T. STR ENGTHEN. SEND.

Cares Act and the PPP

  • Does The Payroll Protection Plan Loan (PPP) Impact Existing or

Future Loans With CSF?

  • Does the PPP loan impact collateral?
  • Will the church receiving the PPP loan impact their ability to get a

future loan with Converge Cornerstone Fund?

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STAR T. STR ENGTHEN. SEND.

Lending amidst COVID-19

  • How Does The COVID-19 Crisis Impact Churches Exploring Current Or Future Loans?
  • How is the Cornerstone Fund going to address a decrease in giving and/or attendance

during the period of the COVID-19 crisis?

  • What if the church is still not able to gather at full capacity at the time of the loan

application?

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STAR T. STR ENGTHEN. SEND.

Ways we can partner with your church

  • Investment options
  • Building purchase
  • Construction/ Renovation
  • Land purchase
  • Refinancing
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STAR T. STR ENGTHEN. SEND.

Never too Early

  • If your church is looking to:
  • Determine what a reasonable debit limit may be
  • Want help strategizing for future ministry expansion
  • Need help knowing how much your church may need to raise
  • Free Financial Analysis
  • 3-years Profit and Loss Statements
  • Year to Date Profit and Loss Statement
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STAR T. STR ENGTHEN. SEND.

Question and Response

  • Opening the group for questions.
  • If you have a very specific question or would like to schedule a free

financial analysis, please email loans@converge.org.

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Thank you

Barb Ehlers Relationship Specialist

Barb.ehlers@converge.org

Kirk Tate

  • Assoc. Director of Church

Lending

kirk.tate@converge.org

877.228.8810 | Loans@converge.org