Conduit Financing Program

The Port Authority’s public-private partnerships provide financing tailored to each project’s needs. SCPA issues tax-exempt industrial revenue bonds underwritten by a commercial lender’s letter of credit. The borrower is responsible for service on the incurred debt.

Eligible Projects in Summit County and Northeast Ohio

• Renovation and acquisition of existing structures
• New construction
• Land acquisition
• Equipment purchase

Benefits of SCPA Conduit Financing

• Tax-exempt bonds provide lower interest rates
• Up to 100% financing
• Sales tax exemption on construction and building materials
• Closing within 60 to 90 days

SCPA tailors its conduit financing to the needs of each project. Additional financing services include:

• Tax-Increment Financing
• Community Development
• Capital Leases
• Operating Leases
• Synthetic Leases

For our conduit financing, we work with selected LOC Providers.