Category:Loans for Chapters

Members of the Executive Council, as trustees for the Fraternity, have made available the assets of the Founders' Memorial Fund (contributed by members) and a part of the General Funds of the Fraternity for low-interest loans to organized chapter alumni corporations for the purpose of acquiring, remodeling, and equipping chapter headquarters. It is anticipated that a loan from the national Fraternity will be used to complete, not to initiate, a financial program. The bulk of the equity needed must come from a headquarters fund built with obligatory payments by chapter members (see paragraph 2.4.7). The maximum available for loan to a given corporation is limited.