Lending Fund Application

Lending Fund Application

The Presbyterian Church in Canada
Instructions for completing the application:
1. The application is to be completed in every detail by the congregation and the Presbytery.
2. The original application is to be sent to The Presbyterian Church in Canada, 50 Wynford Drive, Toronto, Ontario M3C 1J7
  Attention: Coordinator Lending Services
3. A copy of the application is to be retained by the congregation.
4. A copy of the application is to be retained by the Presbytery.
Application for a Lending fund Loan of *
Enter dollar value
Date: *

Month Day Year
Date
Congregation: *
Address *

Street Address

Street Address Line 2

City Province

Postal Code
Name of Contact Person: *

First Name Last Name
Phone Number of Contact Person: *

Area Code Phone Number
Email of Contact Person: *

Confirmation Email Confirm email
Presbytery: *

Brief description of building project: *
Total estimated cost of building project: *
Enter dollar value

Proposed financing of building project: *

	$	%
Cash in congregational building fund
Grants
Loans
Lending Fund Loan
Total estimated cost of building project

Information about the Congregation:
Year the congregation was organized: *

Membership information for the last 5 years: *

	Year	Communicants	Adherents	Church School Emolment
December 31
December 31
December 31
December 31
December 31

Average weekly attendance at worship *
Brief history of congregation: *

Financial Information

Total Receipts *

	Last Year Actual	This Year Budget	Next Year Budget
Total Receipts

Expenses *

	Last Year Actual	This Year Budget	Next Year Budget
Personnel Expenses
Operating Expenses
Outreach and Missions
Manse Expenses
Presbytery Allocation
Presbyterians Sharing

Principal and Interest

	Last Year Actual	This Year Budget	Next Year Budget
Loans
Lending Fund Loan

Totals

	Last Year Actual	This Year Budget	Next Year Budget
Total Expenses
Surplus (Deficit)

Statement of financial position as at latest financial year end *

Month Day Year
Date

Assets *

	Asset value
Cash
Investments
Other assets
Church, land and building
Manse, land and building

Total Assets

Liabilities

	Asset value
Accounts payable
Other liabilities
Loans

Total Liabilities

Resolutions of the congregation
At a duly called and constituted meeting of the congregation of {congregation} held at Location* on Date*, motions were adopted as follows:
1. To undertake a building project, being a major capital expenditure included in the budget of the congregation, which is the subject of an application for a loan from The Lending Fund of The Presbyterian Church in Canada.
2. To request the Presbytery of {presbytery} to sanction a contract of debt with security on the property of the congregation and the negotiation of a loan from The Lending Fund of The Presbyterian Church in Canada, for capital purposes.
3. To authorize the trustees of the congregation to provide security required for a loan from The Lending Fund of The Presbyterian Church in Canada, including a mortgage over the property of the congregation, including lands and buildings.
4. To agree that a loan from The Lending Fund of the Presbyterian Church in Canada and the required payments of interest and repayments of the loan are a second charge, after the stipend of the minister, on income, receipts and revenues of the congregation and the payments of interest and the repayments of the loan are included in the budgets of the congregation until the loan from The Lending Fund of The Presbyterian Church in Canada is repaid in full.
5. To agree not to contract any additional debt until the loan from The Lending Fund of The Presbyterian Church in Canada is repaid in full.
Moderator *

First Name Last Name
*

Signature Clear
Clerk of Session *

First Name Last Name
*

Signature Clear
TRUSTEES OF THE CONGREGATION *
Please include all trustees.
IMPORTANT!

Once this application has been completed, including the Congregational approval and signatures by the Session clerk and moderator, click on the SAVE button below. You will then be sent an email with a link. This email with the link must be forwarded to the Presbytery of {presbytery} for their approval and signatures on the last page. Presbytery may print a copy for their records. The presbytery will then SUBMIT the completed application. Once the application is submitted you will receive an email with a copy of the completed and signed application for your records.

Resolutions of the Presbytery
At a duly called and constituted meeting of the Presbytery of {presbytery} held at Location* on Date*, motions were adopted as follows:
1. To sanction a building project to be undertaken by the congregation of {congregation} .
2. To sanction to contract of debt with security on congregational property and the negotiations of a loan from The Lending Fund of The Presbyterian Church in Canada, for capital purposes by the congregation of {congregation} .
3. To authorize the trustees of the congregation of {congregation} to provide security required for a loan from The Lending Fund of The Presbyterian Church in Canada, including a mortgage over lands and buildings of the congregation.
4. To sanction a loan from The Lending Fund of the Presbyterian Church in Canada and the required payments of interest and repayments of a loan as a second charge, after the stipend of the minister, on income, receipts and revenues with the payments of interest and repayments of the loan included in the budgets of the congregation of {congregation} .
5. To agree that no additional debt is to be contracted by the congregation of {congregation} until the loan from The Lending Fund of The Presbyterian Church in Canada is repaid in full.
6. That the Presbytery of {presbytery} agrees and undertakes to monitor and to ensure the loan from The Lending Fund of the Presbyterian Church in Canada to the congregation of {congregation} is repaid and to cure defaults.
Moderator *

First Name Last Name
*

Signature Clear
Clerk *

First Name Last Name
*

Signature Clear
Should be Empty:

Lending Fund Application

Information about the Congregation:

Financial Information

Resolutions of the congregation

Resolutions of the Presbytery