New and Vital Faith Church COVID-19 Loan/Grants

$500,000 for loans has been set aside from the New Faith Endowment. The loan is forgiven if apportionments are contributed in full through the end of the year. Re-payment begins only if apportionment giving is less than 100% for 2020.

Alternatively, loan payments can be structured in monthly payments and payments could be re-evaluated by the appointive cabinet if apportionment giving is less than 100%. Loans will be at 60 monthly payments at 0% interest.

Each applicant must complete the following before applying in order to be eligible for this grant/loan:

• The church wasn’t in financial crisis before COVID-19 pandemic
• Solicited congregation for extra mile giving
• Created a plan for congregational care, engagement, and generosity during the pandemic. (and plan approved by church leadership)
• Cut non-critical non-employee expenses
• Attempted to negotiate modified payment terms with the landlord or bank (if rent or mortgage)
You might benefit from applying for the CARES ACT loan. Here is a link regarding the government process: dscumc.org/worship-online/#Web-Off

Oversight:

• Provide a monthly report to your District Superintendent and to the Director of New & Vital Faith Communities (). You will receive a blank form if your request is granted. .
• Loan amounts up to $10,000 per applicant church. If funds remain after the first round of applications, then a second round for applications can be opened.
• The fund expires at the end of 2020 but could be renewed. Remaining funds go back to New Faith endowment.
• Money can be used to pay employees, rent/mortgage/utilities, and can also be used to purchase tech support and equipment for digital worship.
• Loan/Grant requests will be evaluated by the New Faith Team and the applicant’s District Superintendent.

Church Name*
Please include the city name in the church name if needed.
Church City
Applicant's Name*
First Last
Applicant's Email*
Applicant's Preferred Phone*
Amount Requested*
(Up to $10,000)
List the church leadership teams that have approved the request.*
(Press the plus (+) symbol to add additional rows.)
When was a second-mile offering taken and how much was received?*
Date Amount
This section is for churches with a rental agreement or mortgage.
(Please skip this section if the church does NOT have a mortgage or rental agreement.)
If the church is renting or paying a mortgage, has there been an attempt to renegotiate?
- Yes
- No
If so, what was the result?
Cost Savings
List the non-essentials that were cut from the budget and the amounts saved.*
(Press the plus (+) symbol to add additional rows.)
Item Cut Savings
Did your church apply for the Cares-Act loan, and if so what was the outcome?*
- Yes
- No
Hidden
When did the church apply for the Cares-Act loan and what was the outcome?
››Click here to find out more about the Cares-Act.‹‹
Provide the date of the application and describe the outcome.*
During the COVID-19 pandemic, what is the church's plan to:
Care for the needs of the congregation?*
Stay engaged with the congregation?*
Give opportunities to express generosity?*
Comments
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New and Vital Faith Church COVID-19 Loan/Grants

Each applicant must complete the following before applying in order to be eligible for this grant/loan:

Oversight:

This section is for churches with a rental agreement or mortgage.

Cost Savings

When did the church apply for the Cares-Act loan and what was the outcome?

During the COVID-19 pandemic, what is the church's plan to:

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Item Cut	Savings