We offer a variety of financing options for churches and Christian charities. Our loans are tailored to suit the specific, individual needs of each Christian ministry. This includes churches and Christian charities that cannot provide a mortgage as security. In those circumstances, we can explore whether an equipment finance loan is a suitable alternative. This allows you to borrow money from us to fund items such as sound, lighting and musical equipment, chairs, computers and more.
For this type of loan, we take security over the equipment you purchase by registering a financing statement on the Personal Property Securities Register (PPSR). As we take security over equipment that depreciates quicker than buildings, our maximum term for this type of loan is five years. It also means that we charge a higher interest rate, to reflect the higher risk of using the equipment as security.
The maximum loan amount is $50,000 and the minimum loan amount is $3,000.
For more information, please contact Dan Mazengarb.