Secondary Market Tax-Exempt Bond Program
This program provides tax-exempt interest rate bond financing for manufacturing borrowers.
Eligibility
Any commercially viable borrower proposing to finance the acquisition or expansion of manufacturing assets.
Loan Amount / Exposure
- Up to 90% of the project debt. FAME exposure to any one relationship may not exceed $4,750,000.
- Due to limitations of the marketplace, small loans may not be feasible.
Interest Rate
Market tax-exempt rates. Pricing is determined by market conditions at the time of bond sale.
Loan Term
Determined by the useful life of the assets being financed.
Fees
Click here for fee schedule.
Process
Borrowers considering applying should contact FAME for advice on program requirements and applicability to the project.
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717