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

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