The New England Conference Board of Trustees makes loans to local churches for the following types of projects as well as other purposes:
Land for a new congregation
Building for a new congregation
New building for an existing congregation
Addition to an existing building
Land for relocation Purchase of parsonage
Loan applications are accepted on an ongoing basis. Loans are awarded in consultation with the Cabinet and guided by the following:
Due diligence on the part of the church to raise funds
The emergency circumstance
Biblical principles for fairness (churches with limited funds are considered first)
Churches that are growing despite limited access to funds
Once the application form is completed, it should be sent, along with any attachments, to your District Superintendent. The Superintendent will make comments and add his/her signature.
The church should then forward the completed application to Loan Administrator Neil Gastonguay, 86A Court St., Bath, ME 04530 or firstname.lastname@example.org
Contact Bower with questions at (401) 823-7927 or at the addresses above.
The Trustees also offer grants. Learn more about the grant program.