Construction and renovation
Address your campus's space and facility challenges.
Purchase | Renovate | Expand
School Loans
Financing for Christian schools that need to build, renovate, purchase, or maintain stable cash flow.
Apply →Financing for organizations
Ways we can help
An advisor will help you find the right option for your school.
Purchase
Finance the acquisition of a new building.
Refinancing
Looking to improve the terms of a current loan.
Operating capital
Help stabilize cash flow when tuition income doesn't align with expenses.
The application process
These are the general steps. An advisor will guide you through each one.
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01
Submit your application
Complete the online application or schedule a conversation with an advisor.
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02
Guidance and prequalification
An advisor will review your project and guide you through the available options.
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03
Document review
You'll gather and submit the supporting documentation requested.
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04
Proposal
We'll present a financing proposal with terms for your organization.
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05
Evaluation and processing
We'll verify the information and evaluate the application.
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06
Documentation and disbursement
You'll sign the loan documentation and the funds will be disbursed.
Key financing terms
- Amortization
- The payment schedule by which the loan balance is paid down over time.
- Balloon payment
- A larger final payment due at the end of the term, when the loan isn't fully amortized.
- Rate review
- An interest rate adjustment at an agreed-upon point during the life of the loan.
- Fixed rate
- An interest rate that doesn't change during the agreed-upon period.
- Down payment
- The portion of the project or property cost that your organization contributes.
Not all applications will be approved. Approval is subject to credit evaluation, income, property appraisal, and other requirements. Rates, terms, and conditions are subject to change without notice.
Start your application
Complete the form below and an advisor will contact you.
Frequently asked questions about School Loans
What can I finance with a school loan?
Construction and renovation, building purchases, refinancing, and operating capital.
How do I apply for the loan?
Submit your application online or schedule a conversation with an advisor. The process includes guidance, document review, a proposal, evaluation, and disbursement.
What documents do I need?
You'll typically need articles of incorporation, financial statements, enrollment information, and property details, among others. An advisor will confirm the full list.
What are the rates and terms?
They depend on your project and the evaluation of your application. An advisor will present the available options.
Do I need to be a member of Christian Credit Union to apply for financing?
An advisor will confirm your organization's membership requirements when they receive your application.