Revenue Obligations Securities Program
This program provides manufacturing borrowers with State 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 projects allowed by tax code.
Bond Issuer
FAME.
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 determined by the market at the time of bond sale.
Loan Term
Structured with provider of credit enhancement.
Security
Assets being financed.
Fees
Contact FAME for current fee schedule.
Additional Information
Borrowers seeking financing must have a project that qualifies under the Internal Revenue Code.
Process
Borrowers considering financing should contact FAME.
Application
Click
here to download an application.