Worried about paying for auction-related equipment costs, ATSC 3.0 upgrades or general equipment needs?
Public Media Company has secured over $20 million from a combination of non-profit and traditional bank lenders to assist public television stations with equipment financing needs through an affordable loan program. Additionally, there might be other lenders interested in providing financing solutions to public TV stations on a case-by-case basis.
WHY CHOOSE US?
We are a nonprofit organization with extensive experience in public media financing
We understand your business
We design creative financing solutions for your capital investment needs
We offer competitive rates
WHAT ARE THE ELIGIBLE USES?
Repack and transmission system costs not covered by the FCC
ATSC 3.0 Conversion
Other Equipment Needs
AM I ELIGIBLE TO APPLY?
If you are a licensee and prospective licensee of a noncommercial, educational television station operating under a renewable television license granted by the Federal Communications Commission, you are eligible to apply for the Loan Program.
WHAT ARE THE GENERAL TERMS?
Amount: A minimum loan amount of $50,000
Length of Loan: Terms are set during application process, and may be up to 120 months.
Interest Rate: Interest rate ranges between 3.75% and 7% (as of April 17, 2017), depending upon credit quality
Prepayment: Prepayment without penalty may be available
Loan Fees: Fees are determined during application process, generally range between 1% and 2%
Legal Fees: No lender legal fees are anticipated
Security: All loans will be secured by the underlying equipment/capital asset. Further security may be required.
Additionally, there might be other lenders interested in providing a loan to your organization. For more information, please contact Evran Kavlak at firstname.lastname@example.org or at 303-945-3075.
To learn more about the eligible uses, the application process, or the terms, please read our detailed info sheet.
To apply, please download our application form here.