21 Jan Participation Loan Program
Program Name: Participation Loan Program
Resource Type: Economic Development Entity
State: Illinois, Great Lakes
Agency: Program Source: Loan
Description: IFA assists Illinois businesses that create or retain jobs by offering a loan participation program in conjunction with their lender. Through this program the Authority will purchase up to the lesser of $500,000, or a 50% participation in the loan, directly from the borrower’s lender. Details are available from your IFA Funding Manager.