Mar 17, 2025 · What is IBank? The California Infrastructure and Economic Development Bank (IBank) was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities.

IBank’s Small Business Finance Center supports communities throughout California by providing loan guarantees, Jump Start loans, disaster relief financing and more. Small businesses provide jobs in every region of the state and are a vital contributor to the economy.

IBank’s direct lending products enable organizations to access the low-cost capital they need for their climate solutions.

All IBank Board of Directors meeting information is posted on the website in advance. Board meetings will be held, as noted on each posted agenda. Board meetings are typically held on the fourth Wednesday of each month at 2 p.m. and are open to the public.

IBank’s Infrastructure State Revolving Loan fund has made it possible for communities throughout the state of California to create, expand and strengthen core services such as waste water treatment plants, airports, city streets and more. Check out some of the projects that have used IBank loan financing programs. View recent ISRF Interest rates.

IBank issues four types of bonds and the criteria and eligibility for each are described below. IBank encourages all potential applicants to contact the Bond Unit team before applying.

IBank’s Small Business Finance Center supports communities throughout California by providing loan guarantees, Jump Start loans, disaster relief financing and more. Small businesses provide jobs in every region of the state and are a vital contributor to the economy.

This meeting may be attended either in person or via teleconference by the public, IBank staff, and Board Members. There will be an opportunity for public comment before the vote on each item.

Lenders can enroll to use IBank’s Small Business Loan Guarantee Program through an easy one-page certification. To get started, email [email protected]. What Small Businesses are eligible? Those with 1-750 employees. The business must be in one of the industries listed in the North American Industry Classification System codes list.

Richard Nesbitt joins the California Infrastructure and Economic Development Bank (IBank) as a Loan Officer in the Loan Origination Unit. Richard performs credit underwriting activities for infrastructure Loan Programs at IBank within the Governor’s Office of …