Saint Paul Port Authority Building a Prosperous Saint Paul & East Metro
Saint Paul Port Authority
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Finance

•  Success Stories
•  Government & Public Facilities Bonds
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•  501(c)(3) Bonds
•  Working Capital
•  Business Development Fund
•  New Market Tax Credit
•  Other Programs




Business Development Fund

This product also supports job creation and growth in Saint Paul and the East Metro area of the Twin Cities. We assist manufacturers in purchasing or renovating real estate and equipment.

Post Authority Considerations/Requirements:
  • jobs
Benefits to City Workers and Taxpayers:
  • jobs
  • tax growth
  • reinvestment in community
Benefits to Consumers:
  • lower interest rates
  • minimizes equity requirement
  • improves credit analysis
Examples:

We work with a business’s lender to enhance their borrowing power at the lowest rate. Our commitment provides up to $1.25 million on a maximum loan amount of $5 million.

With our help, most businesses can finance real estate up to 90 percent of loan to value.

For more information, call Bruce Gehrke or Peter Klein at 651-224-5686. Or e-mail Bruce at bhg@sppa.com or Pete at pmk@sppa.com

 



Ken Borle, Vice President of Finance, Ecumen

"Port employees were tremendous assets to me."

- Kelly Michel, Michel Sales Agency, in the Port's Westminster Junction Business Center. The Port provided a Business Development Finance loan.


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