The CRC Loan Fund makes unsecured loans for small improvement projects or repairs to existing church-owned property.
Unsecured loans are now also available to assist churches with unexpected relocation expenses when calling a pastor.
Eligible churches are:
- Organized churches of the Christian Reformed Church in North America which are no longer funded by Christian Reformed Home Missions/Church Planting and Development (now Resonate Global Mission).
- Churches which have joined the Christian Reformed Church by affiliation and have been organized congregations in the Christian Reformed Church for three years.
Unsecured loans have a maximum term of ten years and a maximum loan amount of $50,000. Interest rates are variable based on the cost of funds to the Loan Fund. The current rate of interest is 5.75%. (Note: Rates are subject to change without notice.)
For more information, contact the Loan Fund at 616-224-0829 or 800-332-0012, or download our policy statement from this page.