Participation Loan Program

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.