Loans

The Florida Municipal Loan Council (FMLC) helps cities, counties and other local governments finance projects more cost-effectively by leveraging the benefits of larger, pooled financings. Established in 1998 through an interlocal agreement, the FMLC is governed by a Board of up to seven elected officials. Created by local governments for local governments, the program requires no procurement process.

Select a category below to learn more or contact Rodney Walton at 850.701.3620.

Bond Issue Program

FMLC’s Bond Issue Program offers fixed-rate financing tailored to local governments’ needs. Established to assist small and medium-sized municipalities, the program supports capital improvements, renovations, fixed-asset additions, and debt refinancing.

The League manages all administrative aspects, including hiring bond professionals, overseeing continuing disclosure, investing proceeds, and handling arbitrage rebate calculations.

The program features a straightforward application process with minimal documentation requirements and is designed for simplicity and efficiency.

Key Features:

Fixed-rate financing with terms up to 30 years
Loan amounts exceeding $3 million
Flexible security pledge options
Access to a professional team, including financial advisors, bond counsel, disclosure counsel, and arbitrage consultants
Potential for bond insurance or surety bonds
Option to pool with other issuers to reduce issuance costs

For more information or to discuss your project’s financing needs, please contact Rodney Walton at 850.701.3620.

Bank Loan Program

FMLC’s Bank Loan Program offers long-term financing solutions for municipal issuers. Through a competitive Request for Proposals (RFP) process, the program connects borrowers with banks interested in funding new projects or refinancing existing loans.

The FMLC, alongside its financial advisor and bond counsel, assists borrowers throughout the loan closing process, including obtaining rate quotes and drafting necessary documents.

Program Highlights:

Identification of interested lenders
Competitive solicitation to ensure optimal pricing
No bond insurance required
Flexible payment schedules tailored to borrower needs
Reduced upfront issuance costs (no public offering, official statements, or ratings fees)
Availability of tax-exempt and taxable financing
Expedited completion without the need for borrower pooling

For more information or to discuss your project’s financing needs, please contact Rodney Walton at 850.701.3620.