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| The Revolving Loan Fund is designed as an in-house financial resource church ministry to aid BMA missions and churches that are seeking financing. The concept of the Revolving Loan Fund evolved in a time when the Baptist Missionary Association of Mississippi mission projects suffered greatly due to a lack of financial collateral to buy property and construct buildings of worship. | The Revolving Loan Fund is designed as an in-house financial resource church ministry to aid BMA missions and churches that are seeking financing. The concept of the Revolving Loan Fund evolved in a time when the Baptist Missionary Association of Mississippi mission projects suffered greatly due to a lack of financial collateral to buy property and construct buildings of worship. | ||
| - | This ministry is not a commercial lending institution and does not seek funding or investments outside the realm of the churches and associations of the Baptist Missionary Association. The Revolving Loan Fund is used by churches or associations which need to acquire loans to purchase property, construct sanctuaries, family life centers, parking lots, or in purchasing church vans, buses, and etc. It is through this fund that many of our local churches have been constructed. Investment accounts can be setup with the Revolving Loan Fund by BMA churches, associations or individuals. An investment account may be opened by visiting the Missions Office, requesting by mail, or downloading the neccesary application form and returning it with proper signatures and the initial investment. All decisions concerning the Revolving Loan Fund are made by careful consideration of the Revolving Loan Fund Trustees, Director Bro. Rayburn Freeman and Manager Bro. Lavell Lee. The trustees are: Bro. Dennis Knight, Bro. Roger Jefcoat, Bro. Roger Franks, Bro. Doug Lee, Bro. Mike Lowe, Bro. Robert Burkes, Bro. Sam Oglesby, Bro. Billy Huffmaster, and Bro. Kenneth Lott. | + | This ministry is not a commercial lending institution and does not seek funding or investments outside the realm of the churches and associations of the Baptist Missionary Association. The Revolving Loan Fund is used by churches or associations which need to acquire loans to purchase property, construct sanctuaries, family life centers, parking lots, or in purchasing church vans, buses, and etc. It is through this fund that many of our local churches have been constructed. Investment accounts can be setup with the Revolving Loan Fund by BMA churches, associations or individuals. An investment account may be opened by visiting the Missions Office, requesting by mail, or downloading the neccesary application form and returning it with proper signatures and the initial investment. All decisions concerning the Revolving Loan Fund are made by careful consideration of the Revolving Loan Fund Trustees, Director Bro. Rayburn Freeman and Manager Bro. Lavell Lee. The trustees are: Bro. Frank Panzrino, Bro. Roy Caldwell, Bro. Roger Franks, Bro. Doug Lee, Bro. Mike Lowe, Bro. Robert Burkes, Bro. Sam Oglesby, Bro. Billy Huffmaster, and Bro. Kenneth Lott. |
| ===== Manager ===== | ===== Manager ===== | ||
