Overview
SPSBA is a public corporation and a governmental instrumentality of the Commonwealth of Pennsylvania, created in 1947 to finance the construction and improvement of public school facilities. SPSBA provides tax-exempt financing for school districts, community colleges, career and technical centers, and intermediate units. SPSBA does not receive taxpayer funding.
Benefits of using SPSBA for your financing needs:
- SPSBA is a well-known name in the public finance community and has issued over $9 billion
- Professional full-time staff to expedite the bond issuance process
- Working relationships with public finance professionals, including bond counsels, underwriters, financial advisors, and trustees
- Member of the National Association of Health & Educational Facilities Finance Authorities (NAHEFFA)
- Arbitrage Rebate calculations and compliance
- SPSBA does not charge an annual fee
Loans
SPSBA offers loans for construction, renovation, and equipment purchases. Financing highlights include:
- Attractive rates
- No closing costs
- Minimal paperwork
- Loans up to $3,000,000
- Term up to 10 years