Financing

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

DFA Fixed-Rate Bond Fund Financing Program

The Development Finance Authorityís public-private partnerships can provide financing tailored to each projectís needs. DFA issues tax-exempt industrial revenue and taxable bonds underwritten with the Development Finance Authority's BBB+ Bond rating. click here to view DFA Bond Rating. Loan's are structured for 10-30 year terms. The borrower is responsible for service on the incurred debt.

DFA Lease Conduit Financing Program

The Development Finance Authorityís public-private partnerships can provide financing tailored to each projectís needs. DFA issues tax-exempt industrial revenue and taxable bonds underwritten by a commercial lenderís 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.

DFA partners with the Cleveland International Fund (CiF)

In 2013 DFA entered into an agreement to bring the CiF EB-5 Financing Program into Summit County. This is the first time CiF is able to provide funding outside of Cuyahoga County. The EB-5 Program was created by Congress in 1990 to stimulate the U.S. Economy. It allows foreign investors to participate in U.S. projects in exchange for immigation to the United States.

Lawrence School