Pennsylvania Economic Development Financing Authority (PEDFA) Tax Exempt 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 of tax-exempt debt

Manufacturing, non-profit 501c(3) entities, energy, solid waste disposal, wastewater treatment, transportation facilities, assisted living/housing.

Land and building acquisition, building renovation and new construction, machinery and equipment acquisition and installation, designated infrastructure and tax-exempt bond refinancing.

Minimum PEDFA loan amount is $400,000 and no more than $10 million for manufacturing projects; no maximum limit for other project

Manufacturing businesses receiving tax-exempt bond financing may be required to create and/or retain one full-time job for each $50,000 borrowed

Since 1989, rates have averaged 46% of prime interest rate. Weekly variable interest rate is tied to the market rate for tax-exempt bonds; the term is up to 30 years. Current rates are available upon request

• $500 packaging fee due to Economic Progress Alliance
• $500 application fee due to PEDFA at the time of submission
• 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.