FINANCIAL TOOLBOX

Interest Rates 1.75% fixed for 7 years

  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 2.75% for the life of the loan.
  2. Fixed interest rate for a seven 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 seven year period is 1.75%.

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 2.75% for the life of the loan. 
  2. Fixed interest rate for a five 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 five year period is 1.75%.

For Equipment loans – 2.75% fixed rate for the full term of the loan.

For Working capital and accounts receivable lines of credit – 2.75% fixed rate for 12 month period.

For Pollution prevention and energy efficiency loans – 2.00% fixed rate for the full term of the loan.


Interested in discussing your project? Contact BCEDC Loan Manager, Jim Pawlikowski,  or 484.352.4175.