If your church is considering borrowing funds for approved capital projects, a variety of PAOC sources are available to you, with the proceeds of these supporting the ongoing ministries of PAOC.
Since 1938, the Pentecostal Assemblies of Canada has been assisting churches with loans for approved capital projects, at interest rates competitive to other lending institutions. These loans have been funded from the PAOC Pension Fund.
PAOC Pension Fund loans are funded by Member and Employer contributions accumulated in the Fund. A large portion of Fund assets are invested in church or ministry related mortgages, subject to the availability of funds.
It takes approximately six weeks to process a loan application and obtain a mortgage security. Loans are secured by a First Mortgage registered on the title in favour of the PAOC or the Pension Fund. For information about lending rates, funds available, repayment procedures, or for a loan application, you may contact:
Shane Gregersen, Senior Mortgage Analyst at (905) 542-7400; shane.gregersen@paoc.org