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The ECBF is the single source of church-based loans at the national level. Loans are available for Episcopal and Anglican congregations and organizations, through the diocese, for building projects related to the construction, improvement, repair or purchase of Church owned land and buildings, including churches, rectories, parochial, and diocesan buildings.

Loan Terms & Exclusions

Based on availability of funds loans up to $500,000 are available to a dioceses for a congregation in the Episcopal Church.*

The interest rate is fixed at the time of application for the life of the loan.

Current rate: 6.5% fixed.

Term: Standard 10-years; alternative terms up to 15 years will be considered.

A 2 percent origination fee on the amount borrowed is paid upon approval of the loan.

Repayment is on a regular monthly amortization schedule.

Loans require diocesean co-signature and are non mortgage, requiring no lien on the property.

Total indebtedness to the ECBF (including ECBF and General Loan Fund monies) for a congregation or organization cannot exceed $500,000 ($100,000 outside the domestic United States).

No prepayment penalty.

Loans are based on a viable plan of repayment.

* Based on the availability of funds, loans up to $100,000 are available to dioceses of the Anglican Communion if they meet one of the following conditions:
1)      the diocese is in receipt of funding through the Domestic and Foreign Missionary Society budget; or
2)      the diocese has a custodial trust with the Domestic and Foreign Missionary Society.

Exclusions: The ECBF is restricted from lending funds for operating budgets, or projects solely related to the purchase of organs or stained glass windows. No grants are made.
.
Loan Application Process

Download an Application Form

The application can be mailed to:

Ms. Julia M. Groom-Thompson, President
Episcopal Church Building Fund
6000 Grove Ave.
Richmond, VA 23226

OR

E-mail to jgroom@ecbf.org

Please do not hesitate to contact the ECBF if you have any questions about the loan application process.

There is no deadline for submitting applications. Upon receipt of the completed application and the required documentation, the application will be acted upon promptly.

Upon approval of the loan, the congregation returns the Promissory Note which has been signed by the Bishop and congregation, along with the origination fee check, to the ECBF. The loan funds are then released to the Diocese.

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