Church Refinance Loans: 7 Benefits of Refinancing Your Church
Are you a church Pastor or church leader with a mortgage loan you haven’t paid off? Do you need a solution that helps you keep your church doors open? If the answer is yes, then this article is for you. But first, did you know churches around the US are quickly embracing external financing solutions? … Read More
Church Financing Programs: Everything You Need to Know
Most people realize that churches are tax-exempt for almost all types of taxes. We sometimes hear how this is unfair and churches should have to pay taxes like for-profit entities, but these same people do not realize the good that most churches do within their communities and around the world. Churches use the money they … Read More
Managing Church Finances | 7 Must-Know Tips
As a member of church leadership, you can often find yourself tasked with things you didn’t sign up for when you first birthed the idea of starting your place of worship. However, running a church is so much more than just preaching a few times a week and running worship groups. Perhaps one of the most … Read More
7 Church Construction Financing Tips You Need to Learn Now
Overview Church construction is always an exciting event, isn’t it? It fills the entire neighborhood and congregation with unexplained bliss. However, while the congregation rejoices in ecstasy, some uneasiness lurks beneath the happiness: concerns about church construction financing. Moreover, the transition from preparing for communion to filing for a church loan is quite nerving. The … Read More
Church Loan Financing Doesn’t Have To Be Hard. Read These 6 Tips
Overview When we think about loans, we think about borrowing for homes, cars, or even businesses. Church loan financing doesn’t come to mind immediately, right? For this very reason, rarely do churches and religious institutions find the proper guidance. Resultantly, they fail to acquire a loan or get stuck with one that leaves them in … Read More
Griffin Capital to Help Your Church Achieve Its Financial Goals
Can you believe that almost 2 months of 2021 are already behind us? So far this year most of our loan requests and closings have been for refinances and purchases. We attribute this to low-interest rates and the recovery process for churches due to COVID. That said, now is the perfect time to seek your … Read More
Church Financing Tips for 2021
2020 was tough, and we hope that all of you are ready to take on 2021! While we still face a lot of uncertainty, we hope that the renewed spirit that comes with the new year will help you get ready. Here are financial tips for 2021 and how can Griffin Capital can help your … Read More
How are Churches Financed?
Church financing comes from a variety of sources, including donations, facility fees, trusts, grants, and loans. How Do Churches Get Their Money? Across almost all denominations, most churches get their funding through congregational donations through offerings, pledges, donations and dues. For most mainstream congregations, the second biggest source of income is trust funds, investments and … Read More
How Much Does It Cost to Refinance a Church?
Each church has its own expenses, such as building or repairing, that the community has to bear. You might ask yourself how much it costs to refinance a church and get a new mortgage with lower rates. First, think about your income and expenses. Are you making enough money to make ends meet, keep your … Read More
Church Finances 101
Are you feeling overwhelmed with your church’s finances? Or perhaps you don’t even know where to begin? That’s only natural given that most churches’ finances are handled by volunteers, pastors, or a member of the congregation who may not have the accounting and financial knowledge to manage them. The only exception is if you’re a … Read More