By Dr. Ryan Strother
Pastor JD Traylor has served Hanover Baptist Church for 41 years, and he nor the church have plans of slowing their ministry. They had met in one location since 1957 but were landlocked on just over two acres of property that was surrounded by other neighborhoods.
As they sensed the need to expand to allow for more possibilities, they explored options for new buildings and land. They found property with a house and a large outbuilding and started praying and dreaming.
The final decision was to renovate the outbuilding into children’s space and then connect a new multi-purpose building for worship and more.
A church newsletter to members described, “This relocation project will include a multi-purpose space for fellowships, events, adult Sunday school classes, and community outreach such as our basketball program and VBS. The current building at the new location will be transformed into a children’s center. It will include a check-in station and several classrooms, including one for special needs. The house which sits on the new location may be utilized for church offices, youth, and possible Sunday School space.”
This is exactly what Hanover Baptist has accomplished on their new 15 acres of property. Their renovated children’s space has many rooms, including a beautiful sensory room for children who may need it. Their multi-purpose space is holding worship services and the Hanover Baptist Athletics basketball league is starting soon.
Of course, there is a cost to complete such a project. In this case, close to two million dollars. The church started a campaign called Building A Foundation for the Future, which was led by a campaign leadership team. They asked church members to pledge gifts to raise a certain amount of money, and then they would look at securing a loan for the rest.
The problem Pastor Traylor found was that local banks and credit unions would not consider giving them a loan because it was considered too risky for the bank to loan to churches.
Hanover Baptist Church found the Baptist Foundation of Indiana (BFI) to be a perfect partner. Among its other services to churches, loans feature many benefits for Southern Baptist churches. Whether it is a new build, renovation, refinance, or funding other projects, BFI, powered by WatersEdge, is eager to help.
Hanover Baptist got a 6.75% interest rate construction loan through WatersEdge, which will turn into a 7% interest rate mortgage, and Builders for Christ (out of Birmingham, AL) worked with church leadership to get the building complete.
On Sunday morning, November 19, Hanover Baptist celebrated with a dedication service in their new worship center, which included a baptism!
Your church can celebrate with Hanover Baptist Church and know that the BFI stands ready to partner with you for loans, investments, and Ministry Accounting Services.