Lines of Credit
Lines-of-credit loans are to be used for anticipated cash flow deficiencies in operating budget on a recurring basis.
To start the process:
- 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.
Facts about lines of credit:
- Credit Limit: 15% of previous year's income (excluding building funds and bequests).
- Term: Five-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 1% of new money up to maximum of $7,500.
If you have questions, you may contact us or see the frequently asked questions.



