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IBank outlines infrastructure loan programs, $1M minimum and 30-year terms available
Summary
California Infrastructure and Economic Development Bank (IBank) described loan products for public infrastructure, including an Infrastructure State Revolving Fund with minimum loans of $1 million up to $65 million, repayment terms up to 30 years and flexible stacking with grants or other funds.
Betty Bien and Steven Wright of the California Infrastructure and Economic Development Bank (IBank) described financing options for infrastructure projects and explained eligibility, underwriting and common use cases.
"I Bank was created in 1994 to provide low cost financing option to eligible borrowers for a wide range of infrastructure projects," Bien said. She described core programs and said IBank is…
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