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IBB Program Guide & Fees

IBB Program Description IBB Closing Fee Board Approval Application Date Closing Dates
Community Funding Resource Term over 10 years $35,000 Yes 3 weeks before board meeting Monthly-see website calendar
Community Funding Resource Term under 10 years and Par Amount over $1 million $30,000 Yes 3 weeks before board meeting Monthly-see website calendar
Community Funding Resource Term under 10 years and Par Amount of $1 million or less $25,000 Yes 3 weeks before board meeting Monthly-see website calendar
READI Match Program Term under 10 years and Par Amount of $1 million or less $12,500 Yes See schedule on website See website calendar
Interim Loan Program (Construction) Par Amount Above $1,500,000 $25,000 No - Subject to MA Review 2 weeks before closing Monthly-3rd Wednesday
Interim Loan Program (Construction) Par Amount below $1,500,000 $20,000 No - Subject to MA Review 2 weeks before closing Monthly-3rd Wednesday
Interim Loan Program (Pre-Construction)   $25,000 No - Subject to MA Review 3 weeks before closing Monthly-3rd Wednesday
Advance Funding Low all-in rate for tax anticipation warrants $0 No - Subject to MA Review Each Fall 4th Thursday of January
Advance Funding - Interim Low all-in rate for tax anticipation warrants $0 No - Subject to MA Review Each Fall Early January
Advance Funding - Midyear Low all-in rate for tax anticipation warrants $0 No - Subject to MA Review Each Spring Early June
Fuel Budgeting Program Includes purchase of fuel hedge and all administrative costs 15 cents per gallon No - Subject to MA Review Each Fall Early December
Hoosier Equipment Leased Purchase Program (HELP) Varies by amount borrowed and lender Provided in proposal No - Subject to Lender Review Any Time Any Time