The Baptist Extension Board

History

The Baptist Extension Board was incorporated in 1940 with the purpose of assisting churches with the building of new and larger facilities by providing low-interest loans. Since then, the Baptist Extension Board has provided financing for more than 475 BGAV church projects, including construction, land purchase and renovations.

Mortgage loans are offered at a competitive interest rate with typical terms of 13 to 15 years. Currently, the Baptist Extension Board services more than $12 million in loans to BGAV churches.

The Board of Trustees is comprised of clergy and lay leaders from across Virginia. Meetings are held in Richmond on the 3rd Tuesday of each February and July.

The Baptist Extension Board serves to aid churches that are unable to obtain commercial financing. Churches are encouraged to seek funding from their local lending institution to provide the primary financing. First and second mortgage loans are available to qualifying churches. For consideration of financing, churches must be affiliated with the Baptist General Association of Virginia by contributing at least 5% of offerings to Cooperative Missions.

For more information or to request an application, contact Kay McMeniman at or call the Support Services Team at 804-915-5000 or toll free at 800-255-2428.