What does "tax-exempt" mean?
What is the advantage for the borrower?
What is the interest rate for a tax-exempt IDB?
the interest that the purchaser of the bonds or securities receives
is tax-exempt, the investor is willing to accept a lower interest
rate. Historically, the difference in rates has ranged between
two to three percent (annually) when compared to the cost of funds
through more traditional lending sources like pension funds or
What types of facilities may be financed through
a tax-exempt IDB?
What are the exceptions to financing non-manufacturing
Who issues tax-exempt bonds for borrowers
in the City of Los Angeles?
What amount of time is required to complete
a bond issue?
What type of security or collateral is required
for an IDB?
What are the funding limits?
What are the terms?
Who are the IDA Bond Finance Team members?
Does the project involve a manufacturing
or processing activity?
Will a significant portion of the project
(60–75%) consist of core manufacturing or processing?
Are the capital costs of the project less
Does the company have any other tax-exempt
Will the project result in an increase
of employees, job retention or some other
Will the project involve the acquisition
of an existing building?
How will the project’s asset values
Would the company otherwise qualify for
a conventional bank loan?
Have any cost been paid with respect to
Will the company relocate its manufacturing
facilities from one location in California to another?