Short-Term Financing

About

NSMFC offers short-term loans to clients who have completed their capital projects and are awaiting participation in the next debenture issue. Like our long-term financing, the short-term loan program is built on maintaining the lowest possible cost to municipalities by offering competitive interest rates.

Term

Date of completion of project to next NSMFC debenture  

Rate

90-day Bankers’ Acceptance plus 50 basis points calculated using CDOR  

Application process         

• Written request to the NSMFC         
• Temporary Borrowing Resolution (TBR) in place

 Click the following link to open the Short Term Loan Template.  document Short Term Loan Letter (30 KB)