Services: Specialized Financing
State Revolving Funds (“SRFs”)
Many states have established State Revolving Funds (“SRFs”). The SRFs provide financing at interest rates that are substantially lower than interest rates available in the public tax exempt bond markets and that my be as low as 0% for certain borrowers.
New Projects
Environmental Capital has extensive experience in assisting clients in obtaining and maximizing the benefits of SRF loans. We advise the client on the steps required and the best time frame to secure SRF financing. We have knowledge of SRF qualified projects and have advised on a wide range of SRF transactions, specifically designed to meet our clients needs, including 0% short term loans, long term subsidized bonds, and conversions from short term loans to long term subsidized financing.
Refunding Previously Issued Bonds
Environmental Capital has extensive experience in refunding previously issued public water and sewer bonds through the SRFs. Because of the subsidies offered through the SRFs, public water and sewer bonds that can not be refunded economically through conventional refundings, maybe refunded with substantial savings through one of the SRFs. Environmental Capital is happy to perform such analyses for issuers with public water or sewer debt outstanding.

