MCM Provides long term financing through the issuance of tax-exempt municipal bonds for non-profit corporations, including:
- Community based Mental Health Agencies
- Community based Mental Retardation Service Providers
- Community based Rehabilitation Facilities
- Community based Facilities for Children and Family Services
- Community based Drug and Alcohol Abuse Facilities
If your non-profit corporation is planning to expand, renovate, or simply move into better facilities, MCM's financing programs may be just what you are looking for. Low cost, tax-exempt municipal bond financing may be used for:
- Purchase of new facilities
- Construction of new facilities
- Refinancing of higher rate loans
- Renovation of facilities
- Purchase of major equipment
Generally, interest rates will be approximately 20% less than comparable bank financing, due to the tax-exempt status of the municipal bonds issued for the loan. Amortization of a loan for facilities may be for any period of time up to 25 years. Amortization of equipment is normally over a 5-year period.
For a free estimate of what a loan will cost your agency on a monthly payment, see our payment calculator.
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