At the start of 2022, Florence Baptist Church’s current debt on our property was $3.1 Million. Sensing that God wanted us to reduce and possibly eliminate our indebtedness, we began an effort called DEBT FREE. At the current pace of 16% of our annual operating budget being used for Debt Retirement, it would take us until July 2028 to fully pay down our debt. That’s six years away. Through a strategy of liquidating assets and the incredible generosity of our people, by the end of April, 2022, our current debt was approximately $350,000. We have eliminated approximately 89% of our debt.
The stories of how God has provided have been written by His hand, only. As a church, we are advancing our future impact into today's efforts. Since we have made additional payments on our principle, more of our monthly payments are continuing to drive us closer to being DEBT FREE.