For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options: 

For term loans with a regular amortization;
  1. Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points.  Based on the current 10-year treasury yield, the fixed rate option is 2.5% for the life of the loan.
  2. Fixed interest rate for a seven (7) year period set at the 10-year treasury yield.  After seven years, the rate will reset to the then-current 10-year treasury yield.  Please note, the reset rate is limited to a 200 basis point increase/decrease.  The reset rate is then fixed for the duration of the loan.  Based on the current 10-year treasury yield, the rate for the initial (7) year period is 1.5%.
For 10-year term loans with a 20-year amortization period;
  1. Fixed interest rate for the full term of the loan (10-yr. period). This option is calculated using the 10-year treasury yield +100 basis points.  Based on the current 10-year treasury yield, the fixed rate option is 2.5% for the life of the loan.
  2. Fixed interest rate for a five (5) year period set at the 10-year treasury yield.  After five years, the rate will reset to the then-current 10-year treasury yield.  Please note, the reset rate is limited to a 200 basis point increase/decrease.  The reset rate is then fixed for the duration of the loan.  Based on the current 10-year treasury yield, the rate for the initial (5) year period is 1.5%.
For Equipment loans – 2.5% fixed rate for the full term of the loan.
For Working capital and accounts receivable lines of credit – 2.5% fixed rate for 12 month period.
For Pollution prevention and energy efficiency loans – 2.00% fixed rate for the full term of the loan.
Contact Jim, jjp@bcedc.com or 484.352.4175 to learn more about the State programs or how we can help you with financing your project.