It also is money that will be used on something that can be seen and touched. So, it is both more difficult and easier to finance capital needs. The main point is that it is different, so different that it needs different conceptual approaches, not simply more organization or more energy.
Many congregational leaders have an aversion to loans.
Usually the objection to borrowing is that interest costs are too high. There is sometimes also a fear that the congregation will borrow too much and get into trouble, perhaps even go into bankruptcy. Such a scenario does not happen often, but it does happen. And, when a church goes bankrupt or experiences extreme financial difficulty, there is always debt present. Most churches that borrow pay their debts however.