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 The Revolving Fund is here to help our BNN churches! 

April, 2020 

The Revolving Fund is willing to help our BNN member churches who are experiencing financial difficulties due to the Covid-19 pandemic in the following ways. To inquire about any of the below options, please contact Nelson Zarfas, Business Manager via email or phone., 971-600-3899. 

1. If your church currently has a loan with the Revolving Fund we are willing to allow you to make interest only payments for May, June, and July. This can be re-evaluated on a case by case basis after July, 2020. 

2. If your church currently has a loan with the Revolving Fund and you cannot afford to make even interest only payments we will allow you to skip payments for two months with no penalties. We can revisit your need for this after the initial two month period. Any missed payments will simply be added to the term of your loan. 

3. We are creating a new temporary short term loan program available to any of our member churches that do not already have a loan with the Revolving Fund. This loan can be up to $25,000 at an interest rate of 5%, for a term of up to five years, with no origination fees. Under those terms, the monthly payment would be $472. The loan may be used for payroll, utility, mortgage or rent payments, and other fixed costs already included in your church budget. Current financial, budget, and recent attendance reports will be required to apply for the loan and used for evaluation and approval of the loan request by the Finance Committee of the BNN Executive Council. A deed of trust on your property will not be required, however, if a payment is missed, the Revolving Fund reserves the right to require that a deed of trust be placed on your church property until the loan is repaid in full. 

4. Finally, a couple of our Executive Council Pastors who have experience with online services are willing to help any of you who still may be struggling with getting your services up and running online, or would like to make improvements in this area. Please feel free to reach out to Ryan Frank at Involve Church (360-560-7171) and Robin Porter at Eastgate Bible Fellowship (425-746-3434) by phone or email if you'd like to talk with them about what is working well for them. 



29692 NBHM Logo 2014 on WHITEFor a mission church, the financing of an initial building program is often a serious problem. In order to assist churches in obtaining loans for their building programs when secular channels may not be available or practical, the Northwest Baptist Home Mission established in 1958 what is known as the NORTHWEST BAPTIST REVOLVING FUND. The Board of Trustees of the mission has authorized the issuance of Revolving Fund promissory Notes as a continuing source of funds for church building loans, and are offered as the Mission shall determine at its discretion. No sales commission or brokerage fees are paid, and the Revolving Fund receives 100% of the proceeds. Investors may make loans to the Revolving Fund in units or multiplies of $500, and various repayment options are offered by the Fund. Each investor receives a promissory Note specifying the rate of interest and the terms of repayment. The Revolving Fund is a restricted fund that is administered separately from other operating and missionary support funds of the Mission. It is managed by the Business Manager of the Mission under the Revolving Fund Policy approved by the Board. No part of the net earnings of the Revolving Fund is for the benefit of any person, private stockholder or individual. However, upon approval by the Board of Trustees and the Finance Committee, the Revolving Fund may at times transfer surplus funds to the Mission General Fund, as long as such transfers do not reduce the net Fund Balance of the Revolving Fund below 11% of its total assets.

An Opportunity Of Faith

This offering Circular is directed to persons of our constituency who are members, contributors, participants or their relatives, who are interested in the purposes of the Northwest Baptist Home Mission and its Revolving Fund program. It is anticipated that those who purchase Revolving Fund notes do so primarily because of a desire to assist in the furtherance of the Lord’s work through the building of Baptist Network Northwest churches. Admittedly, there is an element of faith involved in the Revolving Fund program of making church building loans, especially to new mission churches. The ability of a local church to repay its loan will normally depend upon contributions it receives from its members. However before a loan is approved, the borrowing church must satisfy the Mission Board as to its ability to repay. It is the general policy of the Revolving Fund to require that each building loan be secured by a deed of trust or mortgage on the property of the borrowing church, and the church is required to keep in force at all times adequate hazard insurance to protect the loan interests of the Mission. Church loan repayments are made on a monthly schedule, and every effort is made by the Mission to assure that churches faithfully meet their loan obligations. However, in view of the relationship of the Mission to its borrowers, the Revolving Fund may at times be willing to accommodate late payments or a temporarily reduced payment schedule.There has never been a default or delay in payment of interest or principal.  Since, 1958, many hundreds of investors have participated in this opportunity of FAITH, and have made possible over 12 million dollars in building loans to over 90 of our Northwest churches.

How You Can Invest in NW Churches and Church Planting

Contact our Business Manager: 

Nelson Zarfas
Northwest Baptist Home Mission
PO Box 4103
Salem, OR 97302

Phone: (971) 600-3899  
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Download the Revolving Fund Investment Form and mail to the address above or click on the Give Now button below to donate online.

How can you help?

Is God leading you to support this ministry?

For information on donating contact:
Nelson Zarfas: (971) 600-3899‬ or

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