Church Financing

Funding churches presents a unique and interesting challenge. There are a small number of financing sources for churches with a variety of programs. Our familiarity with the issues relevant to financing a new church building, a remodeling of a present building or refinancing an existing mortgage will be of material value to the client. Without a familiarity of the markets, a congregation may miss out on a more advantageous financing option as a result of not knowing it is available.

One common mistake that many churches make is to finance short to intermediate term assets with long-term money. For example, they may pay for new audio-visual equipment with proceeds derived from the mortgage. In doing so, they will be paying for this equipment long after it is worn out and replaced. It is usually advisable to finance equipment that is not a permanent fixture of the building, such as furniture, seating, audio/visual, and etc. with intermediate financing facilities such as an equipment lease or loan. At Providence, we offer specialized leasing services tailored to the unique needs of non-profits so we can help you with your intermediate financing needs as well as your long term church financing needs.