When it’s time to fund your next business or real estate project, you may have options beyond traditional lending to help make your dream become a reality.
The New Markets Tax Credit (NMTC) Program is a federal lending program with favorable terms, available for companies pursuing projects that are located in specific areas designated by the U.S. government. Enterprise is one of the few lenders who has deep expertise in helping companies like yours navigate and close both federal and state NMTC loans, serving as a lender, allocate or investor in NMTC programs.
NMTC loans have many advantages, including:
- Below-market interest rates
- Subordinated debt
- Lower origination fees
- Longer period of interest-only payments
- Higher loan-to-value, or a longer payback period
It’s important that you partner with a lender who understands the ins and outs of this valuable program. If you are looking to expand your current operations and want to determine if your project is located in a qualified census tract, contact us.