Van, Texas (March 2019) – The Van Economic Development Corporation (VEDC) of Van, Texas announced the refinancing of a Texas Leverage Fund Loan, with Government Capital Corporation being selected as the financing partner for this transaction.
Charles West, City Administrator commented, “Today’s financial market has municipalities searching for ways to reduce costs. The refinancing options provided by Government Capital Corporation saved money and allowed our Economic Development Corporation to convert a monthly floating rate loan to a fixed rate loan, thereby reducing our risk of future interest rate rises.”
Stephanie Cates, Client Services Vice President stated, “It was a pleasure working with Van Economic Development Corporation. We take great pride in assisting Texas Economic Development Corporations in meeting their objectives and project goals.”
About Van Economic Development Corporation
Van Economic Development Corporation is a Type B Development Corporation located an hour east of the DFW Metroplex along the I-20 corridor. With a population over 2,600, the City of Van is proud of their Mayberry-like character, offering a traditional down-home quality of life. For more information, visit vantx.com.
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of project financings in Texas and across the nation. For more information, visit govcap.com.
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