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Article: U.S. BANK UNVEILS LOW-COST PROGRAM FOR WASHINGTON SCHOOL DISTRICTS
- Article from:
- PR Newswire
- Article date:
- August 25, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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U.S. BANK UNVEILS LOW-COST PROGRAM FOR WASHINGTON SCHOOL DISTRICTS
SEATTLE, Aug. 25 /PRNewswire/ -- Hurt by budget cuts and fewer traditional financial sources for small but vital projects, Washington school districts now can obtain tailor-made, low-rate financing through "FlexFund," an innovative cooperative finance program developed by U.S. Bank, the bank said today.
Endorsed by the Washington State School Directors Association, FlexFund enables schools to bundle their financing needs into one large pool, thereby reducing costs, including interest rates, to all participating borrowers.
U.S. Bank's program grew out of the need to create affordable financing for ...