$14 Billion in Cash Flow Stability for Local Government since 1984
Advance Funding Program
Sometimes things don't go as planned. Through no fault of your own, you have a timing mismatch between expenses being due and your property tax disbursement. Through the Advance Funding Program, the Indiana Bond Bank offers cash flow stability to units of government through pooled tax anticipation warrants at an all-inclusive competitive rate. Since 1984, the Advance Funding Program has assisted over 250 units of government with $14 Billion in short-term cash flow needs.
Benefits
What makes us different
The process
- The Indiana Bond Bank sends you an application packet.
- After you submit, the Indiana Bond Bank reviews your application and cash flows.
- The Indiana Bond Bank will also provide a sizing analysis stating the amount you are eligible to borrow
- You receive all the legal documents you need for local approvals.
- The Indiana Bond Bank closes on the transaction and disburses funds to you.
About
Check Back in Spring 2023 for the Next Round of Applications for the Advance Funding Program (Midyear Version).
In the meantime, sign up for the Advance Funding interest list to receive important updates and announcements on the program.
Events
Advance Funding Program Events
The Indiana Bond Bank offers Tax Anticipation Warrants two times a year with our opening year applications generally opening in September and our Midyear applications opening in April of each year.
Latest posts
View all posts
Essential Equipment Financed in January
Essential Equipment financed in December!
Eleven Indiana Communities Served!
Indiana Bond Bank sets fuel hedge for 2024
IBB attends ceremonial bond signing in Hobart
Essential Equipment Financed in November
services
Other areas we can halp
Fuel Budgeting Program
The fiduciary responsibility for tax dollars is central to your mission as a unit of government. When it comes to predicting budget expenses, that task may feel overwhelming. We live in a world of volatile events, where even the smallest occurrence on the other side of the world can impact Indiana. Particularly with the fuel needed to run key vehicles. With risks everywhere that are out of your control, where can you turn? Thankfully, the Indiana Bond Bank (IBB) has a tool specifically designed to protect your fuel budget against volatile prices. In these times of uncertainty, protecting your fuel budget is more important than ever. Why set your budget up for a headache when you can set it and forget it?
READI Match Financing Program
Has your community received a financial commitment from the Regional Economic Acceleration and Development Initiative (READI)? Are you interested in receiving affordable financing for your grant match requirement? Our READI Match Financing (RMF) Program is designed to offer financing through our Community Funding Resource Program framework, which offers direct financing for public projects with terms of up to 10 years.
Click HERE for an overview of the Program.
Click on the link below to request an application or ask a question.
Hoosier Equipment Lease Purchase Program
Simply and quickly access competitive essential equipment financing through the Hoosier Equipment Lease Purchase (HELP) program. Financing through HELP satisfies Indiana's legal requirement to bid the financing, while using a simple 1-page application to connect you to the most competitive rates offered through the IBB’s statewide network of lenders. Our new HELP “Rate Buy-Down Enhancement” now offers the opportunity for even greater savings.
Interim Loan Program
The Interim Loan Program offers short-term design study and construction cost financing for USDA-Rural Development projects. The process is streamlined through established partnerships and experiences. The program is currently structured to serve design study and construction cost financing needs of municipalities already approved for USDA-RD permanent financing. If you are in need of design study or construction cost financing, but not approved for a USDA-RD loan, please use the "Ask Us a Question" button below to see how we might assist!
Community Funding Resource Program
Starting a new public project? Thrown off course trying to locate efficient and affordable financing? Need hands-on assistance from experienced professionals? Let the Community Funding Resource (CFR) program get your project headed in the right direction. Through our CFR program, the Indiana Bond Bank offers direct financing for any public projects with a term of up to 25 years. We accept applications on a rolling basis, so tell us a bit more about your project below and we can let you know how the IBB can help!