Interim Loan Program Notice of Intent

Interim Finance Program

Notice of Intent to Apply
The Indiana Bond Bank (the “Bond Bank”) was created by the General Assembly to assist local units of government with the process of issuing debt (IC 5-1.5). The Bond Bank is now accepting applications for the 2024 Interim Loan Program. The Bond Bank’s Interim Loan Program (ILP) provides local units of government with access to short-term funding in anticipation of long-term financing. ILP funds are available to all Indiana municipalities that are expected to receive long-term financing through a variety of sources, including Federal or State loans and grants.

If you have any questions while filling out this Application, please contact Marisa Weimer at mweimer@inbondbank.com
Name of Borrower/Qualified Entity:
Please provide a brief description of the project:
Amount of Interim Financing Requested:
Estimated Date of Receipt of Construction Bids:

MonthDayYear
Date
Date of Construction Bid Expiration (if known):

MonthDayYear
Date
Estimated Date of Construction Commencement:

MonthDayYear
Date
Estimated Date of Construction Completion:

MonthDayYear
Date
Estimated Date of RD Final Closing:

MonthDayYear
Date
Anticipated Permanent Financing by USDA:
$ AMount
Anticipated Permanent Financing Rate by USDA:
Percentage Rate
Anticipated Cost Over-Run:
$ Amount
Anticipated Cost Over Run*
Anticipated Cost Over-Run Rate:
Percentage Rate
Will any portion of the Interim Loan provided be used to pay off an existing BAN, bond or other obligation?

YesNo
If yes, please attach a copy of the Bond Anticipation Note and Ordinance authorizing the issuance of the Bond Anticipation Note.
Borrower Name*

First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Bond Counsel Information
Bond Counsel Firm:
First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Local Counsel Information
Local Counsel Firm:
First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Engineering Firm Information
Engineering Firm:
First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

USDA Contact Information
RD Loan Officer

First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Depositor Bank Information
Depositor Bank
Contact Name

First NameLast Name
Email
example@example.com
Phone Number

Area CodePhone Number
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Account Name
Account Number
ABA Number
Would you prefer your funds via Wire of ACH?

Wire *Please note that the receiving bank may charge a fee for such wire and said fee is not covered by the Bond BankACH *Please note that there will be a minor delay for receipt of funds due to processing
Anticipated Closing Date on Indiana Bond Bank Interim Financing

Attachments

Please upload the following documents with the submission of your application. If any of the above listed documents are not available, please provide a draft to the Indiana Bond Bank. Please let the Indiana Bond Bank know when the actual documents will be available. Signed copies of the actual document must be received by the Bond Bank prior to the deadline to submit the notice and materials. Note, a $25,000 closing fee will be due at closing and payable from the interim financing.
Copy of your outstanding BAN Note and Ordinance

Browse Files
If applicable Cancelof
Copy of your adopted rate ordinance

Browse Files
Or near final draft if not yet adopted Cancelof
Copy or your bond ordinance

Browse Files
Or near final draft if not yet adopted Cancelof
Letter of Conditions from USDA-RD

Browse Files

Cancelof
Should be Empty:

Interim Finance Program

Bond Counsel Information

Local Counsel Information

Engineering Firm Information

USDA Contact Information

Depositor Bank Information

Attachments