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Baptist Union Emergency Loans: £25,000

Many churches will have experienced a significant loss of income due to stopping services and stopping room hire by external users.  To help churches through this period, churches can apply for an emergency loan of over £25k, interest free and without repayments for 12 months. 

After 12 months, repayments will commence, and the loan will become a normal loan with standard interest rate (3% above base rate) repayable over 10 years. 

If the church has no property assets to provide security, the loan rate would be increased by 2% (in line with the bridging loan rate).

Should an Emergency Loan be approved, the church will not be able to apply for a £10,000 Grant.

Larger loans will be considered, however, please note the following criteria for all applications:
  • Have paid 2020 Baptists Together subscription.
  • A decision in principle can be given when the church has only 2 months' expenditure available in cash reserves with payment being made when only 1 month's expenditure is available.
  • Have taken reasonable steps to reduce expenditure.
  • Have attempted to secure funds from all other sources;  eg, Local authority, gifts from members etc (Self-certified).
  • Commended by local Association.  (This will be initiated by the by the Baptist Union as part of the application process.)
Should you wish to take advantage of this initiative please complete an Application Form.
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