Loans are available to congregations for project costs that generally cannot be met by other sources of credit. Terms include an interest rate of six (6) percent and a ten (10) year amortization period for amounts over $10,000 and a five (5) year amortization period for amounts under $10,000. There are no points nor are there penalities for pre–payment.

Applicants must possess the capability of repaying the loan and contribute to the maximum extent possible their own available funds. As loans are long–term, they are designed to satisfy a definite need and are not for the purpose of providing temporary relief from a continuing problem.