Apply for a Loan

 

The Mission Investment Fund recommends that congregations and ELCA-related ministries contact a loan administrator before beginning the loan-application process. Call 877.886.3522 toll free. Loan information is also available from the area representative and church building consultant who serve your synod. To reach them, contact the Mission Investment Fund. New mission congregations interested in purchasing land or constructing an initial church building should contact their synod's mission director.

PDF file requires Adobe Acrobat Reader--available at www.adobe.com   Download the MIF Loan Application for ELCA congregations.

PDF file requires Adobe Acrobat Reader--available at www.adobe.com   Download the MIF Loan Application for ELCA-related ministries such as synods, social ministry organizations, schools, seminaries and outdoor ministries.

Send completed loan applications to:
Loan Administrator
Mission Investment Fund
8765 W. Higgins Rd.
Chicago, IL 60631

The Mission Investment Fund will respond to loan applications within seven business days of receiving a complete loan application.

How will the Mission Investment Fund make a decision on an application?
Generally, loans are granted to healthy ELCA congregations that reflect the demographics of the ministry's surrounding neighborhood. The Mission Investment Fund reviews a congregation's growth and financial history to develop a loan program that your congregation can repay in a mission-minded way.

Also, the Mission Investment Fund reviews the ELCA Congregational Trend Report and your congregation's annual reports, future ministry plans, construction plans and other documents that you think will help the fund understand your ministry.

Make Loan Payments Automatically.
When your Mission Investment Fund loan is approved, payments can be automatically deducted from the ministry's checking account through Automated Clearing House (ACH) transactions.

PDF file requires Adobe Acrobat Reader--available at www.adobe.com   Download an ACH Authorization form
Interest rate and terms are subject to change without notice.


Note: Congregations related to the ELCA Evangelical Outreach and Congregational Mission program unit that are interested in purchasing land or building an initial church building should contact their synod's director for evangelical mission.