215-348-9031  |  115 WEST COURT STREET  |  2ND FLOOR  |  DOYLESTOWN, PA 1890


FINANCIAL TOOLBOX | PIDA INTEREST RATES

PIDA Interest Rates for the Fourth Quarter of 2018

For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:

For term loans with a regular amortization;

1. Fixed interest rate for the full term of the loan (up to a 15-year period), set at the current ten-year treasury yield + 100 basis points. Based on the current ten-year treasury yield, the fixed rate option is 4.00% for the life of the loan.

2. Fixed interest rate for a seven year period set at the ten-year treasury yield.  After seven years, the rate will reset to the then-current ten-year treasury yield.  Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current ten-year treasury yield, the rate for the initial seven year period is 3.00%.

For ten-year term loans with a twenty-year amortization period;

1. Fixed interest rate for the full term of the loan (ten year period). This option is calculated using the ten-year treasury yield +100 basis points. Based on the current ten-year treasury yield, the fixed rate option is 4.00% for the life of the loan. 

2. Fixed interest rate for a five year period set at the ten-year treasury yield. After five years, the rate will reset to the then-current ten-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan.  Based on the current ten-year treasury yield, the rate for the initial five year period is 3.00%.

For Equipment Loans:
4.00% fixed rate for the full term of the loan.

For Working Capital and Accounts Receivable Lines of Credit:
4.00% fixed rate for 12 month period.

For Pollution Prevention and Energy Efficiency Loans:
2.00% fixed rate for the full term of the loan.