Summary:
To our knowledge, this is the easiest way possible for a governmental, or a not-for-profit, social service provider to borrow tax-exempt money for major capital improvements. The Simplified Bond Program was designed specifically for the needs of community based social service providers (or "Agencies").

The Simplified Bond Program provides low-cost, long-term financing through the use of tax-exempt municipal bonds. Typically the use of municipal bonds will provide a borrower with savings of 20 to 30% on the interest portion of the loan, when compared to a comparable term bank loan. The savings generated can be put back into services.

Money May Be Used For…

• Purchases of new facilities.
• Construction of new facilities.
• Renovation of existing facilities.
• Major equipment purchases.
• Refinancing of high rate loans.
• Loan repayments may be from 3 years to 25 years.
• Borrower continues to control the construction and acquisition of their projects.

• For those Agencies that qualify, this Program offers unbeatable interest rates. Community based service providers that are either government units or not-for-profit 501(c)3 corporations may qualify for this tax-exempt bond program.
• The Program is relatively fast. Money should be available to Borrowers within 45-60 days of our receipt of the fully executed set of documents from the Loan Package.
• Interest rates are low due to the use of tax-exempt bonds to raise the money for the loans.
• Issuance costs are low. The necessary legal fees, underwriting fees, and other fees are low due to the use of standardized loan documents.

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