Interest Rates

Revenue Loan Interest Rates

Revenue loans have more risk than general obligation loans, so revenue loan interest rates will always be higher than the general obligation rates shown above. The interest rate offered by BCPL on any revenue loan will be based on an analysis of the risks specific to each individual transaction. Revenue loans require additional information and documentation designed to allow BCPL staff to analyze those risks prior to loan application. Please see the Revenue Loan Worksheet application request for a list of required information.

NOTE: Loan Applications of more than $5 Million will require pre-approval by the BCPL Investment Committee.

As of the date of the loan request, we lock your interest rate for 60 days and set money aside so funds for your loan are certain. If we do not receive the properly completed application within 60 days and our interest rates have increased during that period, your application will be cancelled. If that happens, you will need to start the borrowing process again with a new worksheet/application request.

Because we set your funds aside at the time of application, please do not submit an application request until you are certain that the project is moving forward, have examined your funding alternatives, and have decided to borrow from BCPL.