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Pennsylvania Economic Development Financing Authority (PEDFA) Taxable Bond Program
The Pennsylvania Economic Development Financing Authority (PEDFA) was established in 1987 pursuant to the Economic Development Financing Law to provide access to low-interest financing through the issuance of tax-exempt and taxable debt, including bonds or notes.
Funding Source
Agency: Pennsylvania Community & Economic Development
Eligibility
Land and building acquisition,<br />building renovation and new construction, machinery and equipment acquisition and installation, designated infrastructure refinancing (of bonds that were also tax-exempt initially), and working capital. 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. All applications must be submitted online by an Industrial Development Authority (IDA) or Industrial Development Corporation (IDC), which is the “Applicant”.
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), and working capital. Loans no less than $400,000. Up to 100% of project …
Dates
Application Opens: January 1, 2024
Application Deadline: December 31, 2035
Supporting links
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