Lines of Credit for Congregations and Organizations

Lines-of-credit loans are to be used for anticipated cash flow deficiencies in operating budget on a recurring basis.

Complete loan application.
Review application for complete and accurate information, including important date, property information, contact person, etc.
Contact your District Vice President early in the process. They are a valuable resource and your local representative in the process.

Credit Limit: 15% of previous year's income (excluding building funds and bequests).
Term: Three-year period with annual review. Interest on outstanding balance billed monthly.
Zero-Debt Period: The balance must be reduced to zero for 30 consecutive days out of each 12-month period.
Loan fee of up to 1% of new money.