IFF provides below-market capital financing for nonprofit corporations that serve low-income or special-needs populations, in order to acquire, renovate, maintain, or improve facilities – as well as finance equipment and vehicles.
IFF's Loan Program is accessible and flexible, a loan officer will work with you to find a solution that works best for your organization.
Loan Products
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Project Uses
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Loan Amount |
Facility Loan
|
Capital projects, including:
- Acquisition
- Construction
- Renovation/rehabilitation
- Leasehold improvements
- Refinancing to expand programming
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$10,000 to $1.5 million
|
Facility Improvement Loan
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Maintenance and improvements, such as:
- Roof repair
- New windows
- Building/ADA code repairs
- HVAC system
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Starting at $10,000
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Equipment or Vehicle Loan
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Capitalized equipment purchases, such as:
- Computer hardware and software
- Furnishings
- Medical equipment
- Service-oriented vehicles
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Starting at $10,000
|
Special Financing Programs
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Schools
Nonprofit private, independent, and charter schools can benefit from IFF's products and services created specifically for schools, including:
- Lending
Below-market rate financing
for acquisition or renovation of school facilities (for projects ranging from $10,000 to $1.5 million).
- Charter School Credit Enhancement Services
Through grants from the U.S. Department of Education, IFF
is able to credit enhance tax exempt bonds, bank debt, and other financing structures for established charter schools seeking financing over $1.5 million in Illinois, Indiana, Missouri, and Wisconsin.
For more information,
read our FAQs.
- Financing Packaging
Financial packaging services including identifying and coordinating with other financial institutions and funding programs.
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Housing
Nonprofit development organizations or sponsor agencies benefit from IFF's Affordable Housing Loan Program.
Financing is available for predevelopment (up to $500,000), construction (up to $1.5 million), and permanent (up to $1.5 million) project phases.
Types of developments eligible for financing include:
- Multi-family and single-family developments
- Affordable assisted living
- Independent senior housing
- Supportive housing
For the IFF Affordable Housing Loan Program Term Sheets, please click here. |
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Energy Efficiency
All nonprofits can benefit from integrating "green" design and construction techniques into their renovation/retrofit or new construction facilities projects.
IFF's affordable, flexible energy efficiency financing ranging from $10,000 to $1.5 million is available for a wide range of projects, including:
- Energy efficient lighting systems
- New or upgraded HVAC systems, from boilers to geothermal technology
- Building envelope projects, such as insulation/window upgrades, or cool roofing techniques
- Facility projects seeking green building ratings such as LEEDTM or Energy Star®
- Energy Star-rated appliances or computers
- Implementation of Energy Cost Reduction Measures identified in energy audits
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To download a print-ready overview of IFF’s Loan Program, please click here.
Please click here to apply for a loan, or call IFF toll-free at 866 629 0060 to speak with a loan officer or email us.
