Tax exempt mortgages or bonds play a critical role in business financing and can be used to finance land acquisition, buildings, associated machinery and equipment. Lenders using tax exempt loans are not required to pay taxes on the interest income from the loan which enables them to offer lower interest rates to the borrower. Tax exempt loans are limited to eligible borrowers which include manufacturers, first time farmers, and 501c3 organizations.
In collaboration with three Industrial Development Authorities (Chester County IDA, Central and Western Chester County IDA, and Uwchlan Township IDA), the CCEDC financing team has more than 40 years of experience in administering tax exempt loan programs and can help you navigate the many nuances involved in acquiring a tax-exempt loan.
Click here to download the Tax Exempt Bond & Mortgage Financing Application.