Pennsylvania Economic Development Financing Authority (PEDFA) Tax Exempt Bond Program
Overview
Tax-exempt bonds, may be used to finance land, building, equipment, working capital and (in some cases) refinancings.
Uses
- land and building acquisition
- building renovation and new construction
- machinery and equipment acquisition and installation
- designated infrastructure
- refinancing (of bonds that were also tax-exempt initially)
- working capital
Eligibility
All types of businesses and projects needing access to low-cost capital
- Manufacturing
- Nonprofit 501(c) (3)
- Solid waste disposal
- Wastewater treatment
- Transportation facilities
- Assisted living/housing
Funding
- Loans no less than $400,000
- Up to 100% of project costs
Terms
For tax-exempt projects, the term of the loan cannot exceed 120% of the depreciable life of the assets. Interest rates are based on market conditions. A $500 fee due at time of application is to be credited against the issuance fee when the project closes.
How to Apply
Industrial Development Authorities and Corporations