Financing

We offer fixed rate/bond fund and conduit/non-bond fund financing arrangements for businesses in Summit County.

SCPA Fixed-Rate Bond Fund Financing Program

The Port Authority’s public-private partnerships can provide financing tailored to each project’s needs. SCPA issues tax-exempt industrial revenue and taxable bonds underwritten with the Port Authority's BBB+ Bond rating. Loan's are structured for 10-30 year terms. The borrower is responsible for service on the incurred debt.

SCPA Lease Conduit Financing Program

The Port Authority’s public-private partnerships can provide financing tailored to each project’s needs. SCPA issues tax-exempt industrial revenue and taxable bonds underwritten by a commercial lender’s letter of credit. The borrower is responsible for service on the incurred debt. Companies can obtain a one-time exemption on all construction and materials used in a project.