The TMF Microloan Program will make small ($2,500 - $25,000), short-term (24-month) microloans at a rate of 2% interest for repairs and other capital needs arising from the February ice storm. Repayment of these loans is deferred for 6 months based on date of approval. Churches and nonprofits must meet these guidelines to apply:
- Open to qualified 501(c)(3) United Methodist churches and United Methodist-related nonprofit organizations in TX and NM (individuals, private foundations, etc. are ineligible). Priority will be given to organizations with budgets of $500,000 or less.
- Balanced budget for one of the last two years (2019 and/or 2020).
If you have questions, email Krystol Wheeler. All applications and supporting documentation will be submitted online through the TMF website. You will be prompted to set up an account in order to apply, if you do not already have an account. Interested ministries should apply as soon as possible.