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  2. Drought Response Task Force
  3. Loan Assistance through the Illinois Finance Authority (IFA)

Loan Assistance through the Illinois Finance Authority (IFA) 

IFA has helped finance over 500 Agricultural projects across the State through its guarantee, loan and bond programs.

Programs

Agri-Debt Restructuring Guarantee Program

This program provides 85% guarantee with a term up to 30 years on a local bank loan up to $500,000 used to consolidate existing debt and spread payments out over a longer period;

Working Capital Guarantee Program

This program provides 85% guarantee with a commitment up to 3 years on a local bank loan up to $250,000 used for input costs related to planting and raising agricultural crops;

Agricultural Participation Loan Program

This program provides IFA purchase of up to $500,000 of a customer’s bank loan to reduce interest rate with a loan term up to 10 years;

Rural Development Loan Program

This program provides loans under a relending program from the U.S. Department of Agriculture-Rural Development from $50,000 to $250,000 for economic development financing in communities with less than 25,000 population

More Information

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