Pennsylvania Economic Development Financing Authority (PEDFA) Taxable Bond Financing

PEDFA is the state-wide conduit issuer of taxable and tax exempt Revenue Bonds, both pooled and stand-alone transactions, to be used to finance land, building, equipment, working capital and refinancing.

All types of businesses needing access to capital with the exception of owner-occupied residential real estate

Land and building acquisition, building renovation and new construction, machinery and equipment acquisition and installation, infrastructure, refinancing and working capital.

Minimum PEDFA loan amount is $400,000, up to 100% of the project costs with no maximum limit on the amount to be financed.

Ten (10) jobs created and/or retained regardless of the amount borrowed.

Since 1989, rates have averaged approximately 61% of prime interest rate. Weekly variable interest rate is tied to the market rate for taxable bonds; the term is based upon a negotiated letter of credit with a participating bank. Current rates are available upon request

• $500 packaging fee due to Economic Progress Alliance
• $500 application fee due to PEDFA at the time of application which is credited against the issuance fee charged at the time of closing
• 0.2% of PEDFA loan amount due to the Alliance at time of closing

All businesses seeking PEDFA bond financing, whether tax-exempt or taxable, must be supported by some form of investment grade credit enhancement such as a bank Letter of Credit.

Please contact Pat Winsor for full details and assistance.