Transit Financing
Helping You Acquire the Products and Services Your Community Needs
Without Transportation Lending Services' low-interest financing, we would not have been able to purchase the building we're in. Our operation simply could not afford the local bank's commercial loan rates.
Rick Thoms
Souris Basin Transportation
Minot, North Dakota
We have always been advocates for developing a broad base of financial support for community and public transportation. Our advocacy for public investment in transportation has included support for not just federal investment — but commitment by state and local government as well. We also believe that the private sector has a role to play in helping provide a range of investment for community and public transit and that there is a need to utilize many of the finance mechanism available in the private sector for community and public transit.
The recently published "Financing Capital Investment: A Primer for Transit Practitioners," Transit Cooperative Research Program Report 89 and the Federal Transit Administration's Innovative Financing Handbook (parts of which are excerpted here) support the use of private funds through various forms of lending, and leasing as a way to make critical transit investments in community and public transit systems of all sizes and in all locations.
As part of its own commitment to diversifying funding for community and public transit and to provide the most equitable way of assisting our industry with private sector and other forms of financing the Community Transportation Association of America founded the Transportation Lending Services Corporation in 2000. Transportation Lending Services is a financial institution certifi ed by the Community Development Financial Institution Fund of the United States Department of the Treasury.
Application
Preliminary Loan Application (Word Document)(31 KB)
Contact
Patrick Kellogg
Program Director
Transportation Lending Services
1341 G. Street, NW, 10th floor
Washington, D. C., 20005
Phone: 202-415-9682
Toll-Free: 800-891-0590, ext. 710
Fax: 202-737-9197
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