Interest earned by tax-exempt bond holders is exempt from federal and state income taxes.
Terms on these bonds are extremely flexible and interest rates are historically among the lowest available in the market. For manufacturers and environmental enterprises who are purchasing land, buildings, and new equipment, or who are renovating existing facilities. One application process lets borrowers close on subsequent loans using an abbreviated process. This program is ideal for multiple and regularly occurring projects too small to be financed cost effectively with their own long term bond issues. Also for companies who no longer have access to tax-exempt bonds.