Rodgers Offers Zero-Interest Church Organ Financing

April 9, 2009

Rodgers Instruments has introduced an economic assistance program in the United States to help churches finance a new organ without having to pay interest.

The program, a joint project of Rodgers and Key Equipment Finance, is being offered through participating Rodgers dealers. A church benefiting from the program can have a new organ installed right away and use fundraising to meet the monthly payments for terms of 12 or 24 months.

"This program offers a cost-saving, convenient solution to churches that need to replace an old instrument or purchase a new one when the funds are not already available," said Rodgers Credit Manager Diane Snyder. "Participating Rodgers dealers can install the organ immediately and give the church time to pay off the cost without incurring the expense of interest payments."

Restricted access to credit has affected churches as well as businesses and consumers, noted Ms. Snyder. The Key Finance program is designed to be fast and easy, offering churches a $1.00 buyout lease that covers the organ purchase, shipping, installation and training. The approval process requires a short, simple application, and credit decisions are typically delivered in less than 24 hours.

Key Finance also offers traditional long-term financing for terms of 36 to 60 months with competitive interest rates to churches purchasing Rodgers organs.

Key Equipment Finance, headquartered in Superior, Colo., is an established company that manages over $14.9 billion in assets, and finances more than $6.3 billion in equipment acquisitions annually.

Rodgers is the world's largest builder of stereo imaged church organs and pipe/digital organs. Rodgers is a member of the Roland Group, headed by Roland Corporation, a world leader in electronic musical instrument technologies and electronic musical instrument sales and manufacturing.