This program provides manufacturing borrowers with local access to tax-exempt bond financing and is ideally suited when the borrower proposes to arrange its own credit enhancement.
Eligibility
Any borrower proposing to use bond proceeds for the acquisition or construction of a manufacturing asset or other limited purposes allowed by tax code.
Bond Issuer
Municipality.
Loan Amount / Exposure
Determined by the provider of credit enhancement and tax code. Generally up to $10,000,000 for for-profit enterprises and larger amounts for 501(c)(3) organizations and certain specialized projects.
Interest Rate
Market tax-exempt rates. Pricing is determined by market conditions at the time of bond sale.
Loan Term
Structured with provider of credit enhancement.
Security
Assets being financed.
Fees
- Transaction fees not imposed by FAME are usually determined by the borrower's investment bankers.
- Contact FAME for current FAME fee schedule.
Additional Information
Borrowers seeking financing must have a manufacturing project that qualifies under the Internal Revenue Code.
Process
Borrowers considering financing should contact FAME.
Application
Click
here to download an application.
Contact
207- 623-3263
1-800-228-3734
FAX: 207-623-0095
TTY: 207-626-2717
