Parish Support and Church Loan Programs
Supporting the Catholic Church has been a hallmark of the Knights of Columbus since its founding in 1882. From funding the restoration of the facade of St. Peter's Basilica in Rome to operating an usher ministry at a local parish, the Knights of Columbus serves the Church in countless ways. Annually, the Order raises and distributes more than $45 million to Church groups in support of programs at the local, national and international levels. Local Knights and their families donate more than 25 million hours of volunteer time to the Church each year.
The Knights of Columbus provides support for the Catholic Church in many ways, including the funding of many important Vatican projects.
For more than a century, the Knights of Columbus has provided financing for church development projects.
Support of Vocations
Supporting vocations to the priesthood and religious life is a top priority of the Knights of Columbus.
Any Church institution that is affiliated with the Catholic community in the United States, United States Territories and Canada is eligible for consideration under ChurchLoan. There are two major requirements each applicant should meet prior to applying:
• Have sufficient property available to meet a 75 percent loan-to-value ratio (for secured loans only)
• Have a guarantee of the loan by the diocese or religious order of affiliation.
The following are examples of institutions that qualify:
• Religious Orders
Still unsure if you qualify? Contact ChurchLoan today! Be sure to describe your institution and details about your building project. A ChurchLoan professional will review your information to determine your eligibility.
Products and Rates
• Fixed rate of interest
• Maturities from five to 20 years
• First mortgage lien on all real property and improvement
• Loan-to-value ratio up to 75 percent
• Guarantee from the diocese or religious order.
•Fixed rate of interest
•Maturities of up to 5 years
•Requires a negative pledge agreement
•Maximum loan request of $500,000
•Guarantee from the diocese or religious order.