Industrial Revenue Bonds
A low-cost, long-term program for manufacturers, 501(c)3 organizations, multi-family housing developments, and special taxing districts to purchase fixed assets such as land, real estate, and/or new equipment. Through the St. Louis County Industrial Development Authority, an organization can issue tax-exempt bonds for projects over $2,000,000 for up to a 30-year amortization.
Upfront costs of issuing tax-exempt bonds are typically greater than the costs associated with a conventional bank loan, but these costs are offset typically in 12-18 months due to the savings generated by the lower interest rates in a bond issuance.
To learn more about programs that your project may qualify for, please call 314-615-7663 or email [email protected].