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Wednesday, May 5, 2021

Monday, January 11, 2021

New Round of PPP Loans Now Available

The US Small Business Administration (SBA) began reopening the Payroll Protection Program (PPP) on January 11, 2021. The program is currently open for certain borrowers and should be available to all borrowers very soon.

Key PPP updates include:

• PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks to best meet their business needs.
• PPP loans will cover additional expenses, including operations expenditures, property damage costs, supplier costs and worker protection expenditures.
• The Program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations.
• The PPP provides greater flexibility for seasonal employees.
• Certain existing PPP borrowers can request to modify their First Draw PPP Loan amount.
• Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

• Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses.
• Has no more than 300 employees.
• Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.

If you apply for one of the SBA that are part of the second round of PPP:

• It will NOT be an event of default on your loan with LCEF if you obtain an SBA loan. You are free to pursue this option.
• LCEF is not an approved lender. There are lenders with expertise in SBA loans that LCEF does not possess. The Lutheran Federal Credit Union is an approved SBA lender.

We continue to monitor the guidance SBA is giving and will provide updates as necessary.

Visit SBA Payment Protection Program or the U.S. Department of the Treasury for more information on SBA’s assistance to small businesses.

Tuesday, June 30, 2020

One of the resources available during the pandemic has been the Payroll Protection Program (PPP) loans through the U.S. Small Business Administration (SBA). Designed to help organizations keep their workforce employed during COVID-19, these loans have a unique feature: after a short loan term, some or all of the loan amount can be forgiven.

Many Lutheran Church Extension Fund (LCEF) borrowers and others within our church body received PPP loans and are at the point of applying for loan forgiveness.

To help you navigate through the forgiveness process, LCEF invited two SBA representatives from the St. Louis District Office to offer helpful advice and insights.

Click here to learn more

Wednesday, April 29, 2020

Please see the video below for some encouraging words and an update on a few things that have been happening.


We treasure your time and attention and appreciate your dedication to the church, her workers and Lutheran Church Extension Fund (LCEF).

We look forward to hearing from you. We are in this together. For such a time as this.

Friday, April 3, 2020

Updated SBA Loan Assistance Information

Due to the intense and abrupt economic distress COVID-19 has caused, the federal government has stepped in to offer emergency monetary relief with the CARES Act. We highly encourage you to take advantage of this government program as it now appears religious organizations are eligible to participate.

If you apply for one of the Small Business Administration (SBA) loans that are part of the coronavirus relief package:

  • It will NOT be an event of default on your loan with LCEF if you obtain an SBA loan. You are free to pursue this option.
  • You will need to go through a preferred SBA lender. Our suggestion is to go to your depository institution if they are a preferred SBA lender. If your current depository bank is not participating in the SBA PPP Loan Program, reach out to your local SBA office to request a list of those lending institutions that are preferred SBA Lenders.
  • For more information, download the Payment Protection Program for Borrowers fact sheet.
  • Apply as soon as you can. Demand for these loans will be high. The process will take time, so if you need financial relief now, look for other sources in the meantime.
  • Download an application to see the information that will be requested from you.
  • LCEF is not an approved lender. There are lenders with expertise in SBA loans that LCEF does not possess.

We continue to monitor the guidance SBA is giving in light of the CARES Act and will provide updates as necessary. The situation remains very fluid at this time. Follow the guidance of the Small Business Administration closely on this matter. It will be your best resource.

We are actively talking with and listening to LCMS ministries and workers impacted by the effects of the virus who have loans with us.

  • We are providing temporary remedies to provide financial relief to LCEF borrowers during this time of stress. We have contact information for congregations, organizations and church workers.
  • We are providing additional assistance to rostered church and lay workers through the Soldiers of the Cross Amplified COVID-19 Response Initiative.

Please know that you are not alone. We are here for you.

Monday, March 30, 2020

What follows is a short update on the resources we have for our borrowers and investors, as well as assurance that we are going to get through this rough patch.


LCMS individuals and ministries are struggling. They need us more than ever—people like you and me—to step in and help them bear this unprecedented load.

Please continue to invest with LCEF.

Our need for new investments is urgent because many congregations, Lutheran schools, social service agencies and our workers are struggling.

In addition, we plan to take extraordinary measures to support the church and her workers.

Together, we can get through this crisis and be stronger tomorrow than we were today.


Wednesday, March 18, 2020


LCEF will be able to continue operations (including transactions) through any potential disruption or quarantine. The only delays we could possibly anticipate would be in monetary transactions based on constituents we work with, such as UMB Bank. In addition, our call center number will continue to be in operation if and when we have limited staff.

LCEF maintains important disaster recovery and business continuity plans that may be activated in the event of a significant business disruption. The organization’s plans are intended to permit the continuation of key business operations during most types of disruptions by resuming mission-critical operations, usually within the same business day as the disruption.

All departments have developed the capability to recover both operations and systems. Critical business groups operate from multiple sites. Dedicated teams within our technology department ensure that critical applications and data have sufficient redundancy and availability to minimize the impact of an event.

Key components of LCEF’s continuity and technology recovery plans include:

  • Alternate physical locations and preparedness
  • Alternative means to communicate with our customers
  • Back-up telecommunications and systems
  • Employee safety programs

Questions can be directed to 800-843-5233 or your LCEF district vice president.