Manufacturers Economic Development Financing Associates (MEDFAS)
205 Wyomissing Blvd.
Wyomissing, PA 19610
Sam Macrina, President
Tax-Exempt Financing between Manufacturers & Banks
Through a special federal tax advantage offering, MEDFAS helps to facilitate tax-exempt financing transactions between manufacturers and banks in the Commonwealth of Pennsylvania.
Only manufacturers are eligible for the program. A lender can provide a manufacturer a tax-exempt loan and not be required to pay any federal or state income tax on the interest income the lender receives from the manufacturer. The lender than saves on the interest the manufacturer pays to the lender and can pass it along to the manufacturer through a lower interest rate. Manufacturers utilizing the program report an average savings of 35 percent in interest expenses.
For more information about MEDFAS, contact Sam Macrina at (610) 763-2310 or at firstname.lastname@example.org.Visit our website
Disclaimer: * Vendor selections and recommendations are made in accordance with the Services Corp's stated mission. It is believed that the promoted products and services merit strong consideration by PA Bankers member banks. PA Bankers Services Corporation's due diligence and selection criteria should not be construed as a guarantee, as the ultimate appropriateness may vary from bank to bank. In addition, PA Bankers member banks are encouraged to conduct their own due diligence reviews of recommended vendors. Remuneration received by the Services Corp is utilized in-part to support the PA Bankers Association through contracted agreements, corporate sponsorships and overhead coverage. This financial support expands resources and strengthens the services and programs of the PA Bankers Association.