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​​6.5.2 Loan Eligibility​​

To be eligible for an archdiocesan loan, the location must be in good financial standing and comply with the following requirements. The location must:

  • Not owe outstanding debts to the archdiocese (e.g., monthly assessments​, insurance premiums​, pension contributions or payroll advances)

  • Have no outstanding unpaid archdiocesan loans or archdiocesan lines of credit

  • Not receive a subsidy of any kind

  • Have a good repayment history on any prior loans and lines of credit

  • Deposit all funds in excess of three months of operating expenses into the Investment Portfolio

  • Deposit all building and construction funds into a restricted account in the Investment Portfolio

​6-17-21​​, 12-19-2023