{"id":395,"date":"2026-07-11T18:07:06","date_gmt":"2026-07-11T18:07:06","guid":{"rendered":"https:\/\/fep.ilc.edu\/?page_id=395"},"modified":"2026-07-25T14:46:07","modified_gmt":"2026-07-25T14:46:07","slug":"church-extension-fund-gym-project","status":"publish","type":"page","link":"https:\/\/fep.ilc.edu\/index.php\/church-extension-fund-gym-project\/","title":{"rendered":"CEF Loan Process"},"content":{"rendered":"\n

The 2026 CLC Convention established two milestones that must be met for the ILC Gymnasium Project to move forward. First, the Convention resolved to increase the Church Extension Fund (CEF) loan amount for the new gym to $7M. The second milestone is that the balance of the final cost of the project must have been received into the ILC Building Fund from a combination of contributions and
investment earnings.

If you have funds available immediately to lend to the CEF, please fill out the Promissory Note Investment Form<\/a> [See recent Post on loan status]<\/strong>. Notes will be written for 5 years at up to 2.5%. Choosing an interest rate less than 2.5% will help to lower the final cost of the project. The loan minimum is $5,000. Those intending to loan $250,000 or more should first contact CLC Treasurer Steve Lentz for additional information (see contact information below).

If you plan to make a loan, but cannot do so immediately, please fill out the investment form and include the date those funds will be available. Be aware that funds committed to be loaned to the CEF could incur penalties if they must be withdrawn from other long-term
instruments.

The investment form should be submitted to the General Business Office via the options listed on the investment form. Once we have received the required loans or commitments of $7M, the CEF may again be closed to new promissory notes.

If both the necessary contributions and loan commitments are met, construction on the new gymnasium can begin as early as the spring of 2027.

Please consult the Promissory Note Investment Form<\/a> [See recent Post on loan status]<\/strong> for additional information, or contact CLC Treasurer Steve Lentz:
steve.lentz@ilc.edu or (715) 836-6622<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The 2026 CLC Convention established two milestones that must be met for the ILC Gymnasium Project to move forward. First, the Convention resolved to increase the Church Extension Fund (CEF) loan amount for the new gym to $7M. The second milestone is that the balance of the final cost of the project must have been… Read More »CEF Loan Process<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"class_list":["post-395","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/pages\/395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/comments?post=395"}],"version-history":[{"count":10,"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/pages\/395\/revisions"}],"predecessor-version":[{"id":451,"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/pages\/395\/revisions\/451"}],"wp:attachment":[{"href":"https:\/\/fep.ilc.edu\/index.php\/wp-json\/wp\/v2\/media?parent=395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}