Ky. Baptist Convention offering short-term loans to help churches

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LOUISVILLE, Ky. (KT) -- The financial strain being experienced by thousands of Kentuckians eventually makes it way to the offering plates of churches in Kentucky, according to one Kentucky Baptist leader.

To respond to the financial downturn, the Kentucky Baptist Convention is offering emergency loans to churches who need help weathering the pandemic.

“Offering an emergency loan during a time of crisis is one more way the KBC is helping churches,” said Todd Gray, KBC executive director-treasurer. Gray says he hopes the loan will help churches keep paying their pastor during this difficult time.

A KBC church may receive an interest-free loan of up to $2,500, according to Jim Donnell, KBC associate executive director for convention operations. The loan may be paid back over 18 months.

“This loan program will hopefully lessen the current stress many churches are facing,” Donnell said. To apply for the loan, churches should contact Donnell at 866-489-3371 or by email.

KBC President Chad Fugitt believes the loan will be a great help to some of the smaller churches in the KBC.

“So many of our churches with smaller memberships function on weekly offerings to be able to care for their pastor and the church’s bills,” Fugitt said. He believes the heavy layoffs reflected in unemployment numbers will “leave many of our fellowships in vulnerable positions.”

James Carroll, chair of the KBC Business and Finance Committee, said, “Not one of our 2,360 churches stands alone.” Carroll believes the initiative is a reflection of how “we are united as a convention of churches committed to cooperative gospel ministry”.

Fugitt is the senior pastor of Ormsby Heights Baptist in Louisville. Carroll is the senior pastor of Parkway Baptist in Bardstown.

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