GRANT-LOAN ARRANGEMENTS
Applying for and reporting on low-interest, interest-free, and forgivable lending options on behalf of your municipality is one of the four funding-specific services MuniciPaid provides to municipalities.
Why Not Borrow Cheaper?
For large projects, municipal finance departments know they have to issue debt, and they tend to have their preferences. We see larger municipalities lean towards market, while others stick to the familiar by issuing through the Provincial agent. At MuniciPaid, we actually think the default should be neither. If you have to borrow, the first place to look is one where the borrower is going to pay you: a grant-loan arrangements!
Trending Up
Low-interest, interest-free, and forgivable loans are becoming more and more popular as governments look for novel ways to provide seed money for municipal projects, but still get a return on their investment.
Get Started Today!
Funding projects under these arrangements will mitigate the interest your municipality will have to pay in the long-run or kick-back a portion of the principal, making borrowing a lot more digestible for municipal Councils. If you want help investigating these cheaper borrowing tools, contact us now!