Revolving Loans Application

Purpose: To offer loans to any established church, District United Methodist Institution, missionary church, or new congregation of the Louisiana Conference for the purpose of extension needs, including building, renovation, repairs, purchase of equipment (but not for portable equipment such as lawnmowers, tractors, etc.), or the purchase of land.

Applications will be received year-round.

*First Name
*Last Name
*Address 1
*City
*State
*Zip
*Phone
*Email
Director of Project or Contact Person

(If different than above)

*District
*Loan Request Purpose

(please check all that apply)

Building
Renovations
Repairs
Purchase of equipment (but not for portable equipment such as lawnmowers, tractors, etc.)
Purchase of land
Project Description
*What are the goals for the project?
*What are the target start and end dates?
*What is the target population?

What are the population’s specific needs? Do you anticipate a certain number of people to be served? If so, how many? What are the needs of the people being served?

Are there any partnering churches or organizations?

If so, please describe. 

*Who will be needed?

Please describe the Staff/personnel/volunteers involved

*What facilities will be used?

(On-site, off-site, e.g.)

*What are the project's long range goals?
*What are the projects plans for future funding?
*Attach project itemized budget

Budget must include the following:

  • Anticipated sources of income (ex: this grant, other grant names, local church support, community support, fees to be charged, other)
  • Anticipated expenditures (ex: supplies, curriculum, food, software, salaries/wages, other)
  • Total anticipated income and expenditures
  • Attach bids received
Attach file pdf, doc(x), xls(x), jpg/gif/png, ppt - up to 25 MB

*Loan Amount Requested
*Maximum Loan Amount
$6,000.00 for established congregation or institution
$8,000.00 for a new (not in excess of five (5) years of age) congregation or institution
*Loan Repayment Timing Request

(please choose one)

Monthly
Quarterly
Annually
*Loan Term Request

(please choose one)

10 years (only available for churches/institutions less than 5 years old)
8 years (available only for churches reporting principal weekly worship service attendance of 30 or fewer)
5 years (all others)
*I/we have read, understand, and will abide by the interest, loan parameters, and loan repayment requirements as stated in the Revolving Loan Policy statement that is current at the time of making this request.
Yes
No
* I/we understand that the purpose of this loan is not to pay off existing loan(s).
Yes
No
*I/we understand that a hard copy of the Note shall be approved and signed (e-signature acceptable) by the following:
  • Local church Chair of the Board of Trustees
  • Secretary of the Board of Trustees
  • Pastor or Executive Director
  • The District Superintendent
  • Mission and Mercy Finance Officer
Yes
No
*I/we understand that an annual statement of the account will be sent to the church/institution and to the District Superintendent verifying the status of the loan.
Yes
No
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