Loan Interest Subsidies

The Colorado Episcopal Foundation offers Episcopal missions and parishes in the state the opportunity to decrease the interest rate they are paying on short-term to long-term loans through the Interest Rate Subsidy Program. The Foundation can subsidize a congregational loan originated through the Foundation or a loan obtained at a financial institution. A mission/parish must submit a request package to the Foundation's Finance Committee for approval.

  • Minimum term–1 year
  • Maximum term–15 years (for missions only)
  • $50,000 minimum church loan
  • Parish — subject to annual renewal and CEF budget
  • Subsidy amount — varies based on loan
  • Annual audit in compliance with canonical requirements
  • Required information to be submitted:
    • Documentation of annual audit in compliance with canonical requirements
    • Current and past 3 years financial statements
    • Current and next year's budget
    • 3–5 year forecast
    • Member count (current and forecast)
    • Current loan details

For more information, contact Scott Asper at the Foundation.