What is an "in-kind loan?"

If a candidate makes documented out-of-pocket campaign expenditures on behalf of his or her campaign expecting repayment (not intending to make an in-kind contribution), the campaign committee must repay the candidate within 21 days of the expenditure or the candidate will be deemed to have made an in-kind loan to his or her campaign committee, which is limited to $7,500 per election.

Undocumented out-of-pocket campaign expenditures by the candidate are in-kind contributions not eligible for repayment. If the campaign receives an in-kind or cash loan, the campaign should have a loan agreement with the campaign books of account, as shown on this web page. If someone other than the candidate makes an expenditure for the campaign, you may treat it as an in-kind loan, or simply reimburse the purchaser for the expenditure. If you reimburse someone other than the candidate for an expense, you may reimburse them more than 21 days later.