Attention all manufacturers and 501(c)(3) organizations… 

If you are considering bank term loan financing for an upcoming transaction, a tax exempt interest rate may be available for your loan request.  EDC Finance partners with Penn IDA to offer commercial lenders and eligible borrowers a convenient way to test if their project is eligible to achieve a 70-80% reduction in their interest rate through a tax exempt bank note.  In order to bring an additional tool to the tax exempt financing analysis, EDC Finance also recently introduced a tax exempt savings calculator accessible on its website.  The calculator provides an analysis of the potential net interest savings a borrower could achieve over the life of the loan if the loan qualifies for tax exempt status.  To review the general eligibility parameters of a tax exempt financing opportunity, check out the EDC Finance link HERE.  Or, click on the word CALCULATOR, to give the new savings calculator a test run.  For more details or questions on tax exempt qualifications, call Lyle Hosler, Director of Finance, 717-397-4046.