The Presbyterian Investment and Loan Program, Inc. (PILP) is a nonprofit corporation of PC(USA) created to provide low-cost loans to congregations, governing bodies and related entities of PC(USA). We provide loans for the construction or purchase of buildings, renovations, and even refinancing of existing debt.
Whether it is reshaping a space to meet the changing needs of a congregation, reducing the carbon footprint by utilizing energy efficient products and renewable energy sources, or expanding mission and outreach efforts by reducing the amount of funds necessary for debt service; the PILP partners with congregations to determine the best financial pathway for the project.
PILP supports the funds for lending through the sale of interest-bearing term notes. Every day, Presbyterians across the country support the growth of mission and ministry throughout our denomination through their investments with PILP. As a nonprofit, PILP does not have any shareholders. Its sole member, which is nonvoting, is the Presbyterian Church (U.S.A.), A Corporation.