Any commercially viable borrower proposing to finance the acquisition or expansion of commercial or industrial assets.

 

Program provides credit enhanced, taxable, long-term bond financing for the construction or acquisition of real estate and the purchase of new or existing machinery and equipment. The maximum bond amount is $7 million.

Any commercially viable borrower that proposes to finance the acquisition or expansion of manufacturing assets.

 

Program provides tax-exempt interest rate bond financing for manufacturing borrows whose needs do not exceed $7,000,000. Bonds may be used to purchase and/or construct a manufacturing facility, and/or purchase new machinery and equipment. Bonds may be structured to finance up to 90% of an eligible loan based on collateral value. Tax-exempt bonds amount may be issued up to $10,000,000, but credit enhanced amount may not exceed $7,000,000.