Multimodal Facilities Financing
TLSC Products
The Capital Fund includes financing for:
- Transportation and Railway Facilities Financing
- Multimodal Facilities Financing
- Community Centers, Health and Human Services and Co-Location Financing
- Vehicle Financing
- Local Share Financing for Federal Grants and Contracts
- SmartWay Clean Diesel Truck Financing (PDF)(323)
- SmartWay Diesel Truck Loan Application (PDF)(199 KB)
The Business Operating Fund includes financing for:
Community Developement Transportation Lending Services (CDTLS), is pleased to present this low-interest borrowing opportunity to public, nonprofit or private transportation businesses and local governments that provide transportation or transportation-related services. We can lend funds at very low and negotiable interest rates for ANY community transportation-related facility project. Funds can be used for local grant matches, transit facilities, community health facilities with a transit component, rail, bus or shuttle facilities, and for other transportation projects. CDTLS can lend you the affordable financing that will make your project a success.
Eligible Applicants:
- nonprofit, public or private transportation providers, transportation businesses, and local governments
Eligible Projects:
- transit/office facilities
- community health facilities with transit component
- local match for grant funds
- rail facilities
- bus or shttle facilities
- many other types of transit projects
Criteria:
- project must be transportation-related
Loan Terms:
- repayment terms and length of loans vary by project
- a one-time service charge is levied at loan closing to cover program costs
- interest rates are negotiable, depending on type of collateral/loan term
- loans must be fully secured
Examples of Approved CTAA Loans:
- Advance Transit in Wilder, Vt. used a $150,000 loan as a federal/state local match for funds to construct a state-of-the-art maintenance office and vehicle storage facility for its fleet of small buses and paratransit vehicles.
- The Havre Day Activity Center in Montana purchased a vehicle maintenance facility with a five year, $65,000 CTAA loan.
- SEVCA Transportation in Vermont used a $55,000 CTDF loan as a local match to replace its aging fleet of vans and small buses.
- Buckeye Charter Services, Inc., in Lima, Ohio borrowed $112,000 from CTAA to purchase a refurbished 47 passenger MCI coach to expand its charter and employment transportation services.
- A $150,000 loan to the Aaron B. Henry Community Health Services Center in Clarksdale, Miss. as a local match for facility/office building renovation and service expansion.
Application
Preliminary Loan Application (Word Document)(31 KB)
Contact
Patrick Kellogg
Program Director
Transportation Lending Services
1341 G. Street, NW, 10th floor
Washington, D. C., 20005
Phone: 202-415-9682
Toll-Free: 800-891-0590, ext. 710
Fax: 202-737-9197