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Do Churches ever fail to repay a loan from the Fund?

churches fail fund loan repay
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Do Churches ever fail to repay a loan from the Fund?

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No loan of the Fund has ever failed to be repaid in full. Loan applications go through a careful process to ensure that the Church, agency, or mission is capable of making the loan payments and committed to repaying the loan in full. Furthermore, all loans are secured by a first mortgage on a building or property.

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