GOAL MET! Debt Free as of October 3!

On Monday, October 3, 2022, Calvary Bible Church paid off our building debt by the grace of God through the faithful giving of his people.

This story began in March of 2005 when we borrowed $1,6 million dollars (and change) at 6.85% to add an education building to our existing church buildings. If we made every payment according to schedule, the loan would be retired on September 18, 2024.

But, on Sunday, September 11, 2022, we asked the Lord to help us retire the debt almost two years early. We set a goal to be "Debt Free by October 3" of 2022. At that time, we owed $259,424.25. But, through investments donated to our church over the years, we had nearly $200,000 available to us. In order to close the gap, we asked our people to give a lump sum gift over and above our usual tithes and offerings to help us retire the debt and strengthen our financial position. We set a goal to raise $65,000 within three weeks.

The Lord answered our prayers and, through the generous giving of his people, we paid off our loan on our target date of October 3, 2022.

We praise the Lord for this answer to prayer and thank God's people for generously supporting His work!
Posted in