Business and Industry
"By providing access to low-cost capital, we help businesses flourish and, most importantly, employ more people."
If you are a business, located in Illinois, with plans for expansion, upgrades, equipment purchases or other capital project, the Illinois Finance Authority can help you gain access to lower interest rates for fixed asset purchases and capital financings. As the State's investment banker, IFA is the most often overlooked resource for low-cost financing available today.
Latest News
Participation Loans
Higher levels of participation in bank Participation Loans make this
financial tool more attractive than ever. IFA works with lenders to offer lower
blended interest rates on fixed asset and capital project financings. IFA will
now participate in up to $500,000, or up to 50%, of a qualifying loan.
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Industrial Revenue Bonds:
Congress Approves CapEx Limit for IDB's
In what will be a significant boon to industry, the Capital Expenditure Limit on
Industrial Development Bonds is raised from $10 to $20 million, effective
January 1, 2007. IFA, working in conjunction with the Council of Development
Finance Agencies, helped achieve this revision to H.R. 4520, the American Jobs
Creation Act.
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Business and Industry Financings Around the State
- Spaulding Composites, DeKalb - makes specialty laminates
- American Allied Freight Car, Peoria - makes railroad car parts
- Excel Container, Aurora - builds paperboard products and POP displays
- Campagna-Turano Bakery and Knead Dough Baking, Berwyn and Bolingbrook - make bread and baked goods
- Deli Star, Fayetteville - produces meat products
- Uresil Acquisition Group, Skokie - develops medical devices for radiology and surgical uses
- CFC International, Chicago Heights - produces holograms and other specialty coatings
- Roesch, Belleville - a porcelain enamel fabricator
IFA helps Illinois businesses -- large and small -- access the capital needed to grow and create jobs. Find out how IFA can help your business grow. Contact a Funding Manager in your region.
