Mini-bonds for Manufacturers
The manufacturing mini-bond program provides manufacturers with cost-effective, tax-exempt financing for capital relatively small projects. The tax-exempt mini-bonds also offers manufacturers financing from $500,000 to $2 million.
Business Benefits of a Tax-Exempt Mini-Bond
- Tax-exempt bonds typically are the lowest-cost form of financing available
- Interest rate savings typically 1.5 percent to 2 percent compared to conventional financing
- Pre-approved standardized loan documents cash-in with lower costs and quicker turnaround
- Reduced fees service providers (bond counsel, trustee and SLCEC) reduce their fees due to smaller project size and pass the savings on to you