Candidates can loan money to their committee from their personal funds. A loan is considered to be a type of contribution from the candidate. All loans received by a committee must be itemized and continuously reported until they are paid off.
Reporting on candidate forms
House and Senate committees report loans from the candidate's personal funds on Form 3. The committee itemizes receiving the loan, regardless of the amount, on Schedule A, supporting Line 13(a).
For example, Martha Washington is giving a $50,000 to her principal campaign committee.
When the committee discloses receiving the loan, it will also disclose details about the loan on Schedule C. Schedule C will be filed continuously for each reporting period until the loan is paid off. It will show the loan’s original amount, its terms, payments made, and the outstanding balance at the close of the reporting period.
Reporting with FECFile
Enter a loan in the Loans, Debts and Obligations tab. Be sure to check the “personal funds” box if the loan is from the candidate’s personal funds.