Types of projects financed
Bond proceeds can be used to finance new equipment, new facilities or the acquisition of existing facilities.

Transaction size
GE typically targets transactions ranging from $1 million - $35 million.

Costs financed
The amount financed can be up to 100% of the project cost plus some bond issuance costs. Most equipment transactions offer a 100% advance while real estate financing has a more traditional advance of 75%–85% of the appraised value of the facility, subject to an underwriting review.

Financing term
Typical terms range from 5 to 20 years based on the projected economic life of the equipment or real property.

Repayment structures
We offer fixed and floating rates, level principal or level debt service payments, as well as interest-only structures to accommodate funding to escrow prior to equipment delivery and construction completion.

Security
Financings are typically structured with various types of collateral pledged as security -- usually new and used equipment, and/or real estate.

Convertible financing
In addition to transactions that are initially funded as tax-exempt bonds, we have the ability to fund transactions as taxable loans that can be converted to tax-exempt in the future. This accommodates situations where the borrower may not meet certain Tax Code criteria when funds are required, or when timing requires a project to be funded faster than a conduit issuance allows. Customers who choose initial taxable financing will be given a one-time option to convert to a tax-exempt rate once the bond issuance process has been completed.