Strongtower Financial

Article Index
Strongtower History
Primary Services
Key Business Developments
All Pages

Strongtower’s primary services include Financing and Investing, which span direct lending and bond offerings for churches and other faith-based organizations, as well as investment advisory and wealth

management for individuals and institutions. They also provide financial planning and Capital Stewardship consulting as part of their commitment to servicing growing churches.

Strongtower Financial supports both individuals and churches corporately. For the individual, they assist in the area of stewardship (financial planning, giving, and investments). For churches, they help in the financing of buildings or expansions. Strongtower’s growth plans call for serving other types of non-profit organizations like assisted living, hospitals, camps, etc. Currently, other types of assistance is provided regarding construction management services, capital stewardship campaigns and short-term financing (providing loans when building, relocating, purchasing land, remodeling, or refinancing).

Strongtower Financial is processing almost $300 million per year in church finance, bonds and loans. Out of

these services came the need to provide a church bond issuing service by which churches could get long-term financing at reasonable rates as well as investors could have a reliable investment opportunity.

Today, Strongtower has 83 employees* and expects to add 25 more during 2008. Currently, roughly half of the churches served are Southern Baptist. 40% are churches in California and the balance is spread across the U.S. Roughly 80% of the bonds are presently sold in California.

While several other entities offer church financing, mostly shorter term financing, Strongtower Financial offers long-term financing, is flexible, efficient, and prompt in handling the many quirks that can arise with issues involving title, purchase of land, zonings, construction, fund raising, architectural and design, refinancing/new financing, etc.

Almost $1.5 billion in church financing has been issued over the life of Strongtower Financial and the average bond issue last year was $5 million. The atmosphere and team can best be described as fast moving, dynamic, caring for people, continually improving, and highly professional. This is not a bureaucratic organization. There is significant staff stability, yet each person must bring excellence to their work. The values of the organization include caring about each individual and in return, the people give far more back than "just doing their job." While the senior leaders in the organization, and most of the staff, are Southern Baptists, there are people from numerous denominations or churches working there.