SPECIAL LINE OF CREDIT AVAILABLE

Greetings from CEF:

CEF is aware that the coronavirus (COVID-19) outbreak has resulted in some unanticipated financial hardships for several congregations and other ministry partners in the Michigan District.  This is particularly true as many churches have been forced to livestream their Sunday services which impacts the normal giving patterns of its members.     

CEF is here to help.  Due to this unprecedented crisis, for a limited time, CEF is offering a reduced rate Line of Credit to help churches, schools and RSOs meet cash flow and other operational needs that have been negatively impacted as a result of the COVID-19 outbreak.  

This special one-year Line of Credit will carry a reduced rate of 1% below our regular Line of Credit interest rate.  This Line will operate like our other credit lines which require only a monthly interest payment during the term.  By way of example, a $50,000 special Line of Credit based on today’s rates would require a monthly payment of approximately $130.       

If your organization is having financial troubles as a result of the coronavirus outbreak and is in need of short-term funds, an Application for this special Line of Credit can be found here. 

God willing, our lives will return to normal relatively soon.  Regardless, we know that faith in the saving grace of God brings us true peace at all times.

Please call (800-242-3944) or email (cef@mi-cef.org) with any questions.

In His Service,

James R. Saalfeld                                                            

Chief Executive Officer