An IBB Partnership with Indiana Economic Development Corporation

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.

C: Text + Boxed Text Split


What makes us different

Maximum Borrowing Amount of $1 Million
Terms up to 10 Years
No Public Credit Rating Required
Fixed Amortization for the Life of the Loan
Designed to Work in Partnership with IEDC's READI Program
IBB Readi Logo

The process

  1. You or your municipal advisor submit an application on behalf of your entity.
  2. Your application will go through a credit review by the Indiana Bond Bank's municipal advisor.
  3. The Indiana Bond Bank structures the debt to determine the repayment schedule, interest rate and any reserve accounts, if applicable.
  4. Your application is reviewed and approved by the IBB Board of Directors at the monthly board meeting.
  5. Closing date is dependent upon when your application is reviewed and approved. Current scheduled closing dates are July 31, 2024 and December 11, 2024.

Common Questions

We have answers! If not covered here, please reach out.

What is the purpose of the READI Match Financing (RMF) Program?

The RMF program provides local government units with an alternative financing tool for infrastructure and other related capital projects. The RMF program is for cities, towns, school corporations, townships, libraries, counties and other local governmental units that have received a financial commitment from the Regional Economic Acceleration & Development Initiative (READI).

What types of projects are eligible for RMF?

The RMF program was designed for public projects including but not limited to construction of public building (e.g. fire station, police station, city/town hall), equipment purchase, public facility addition/rehabilitation, gap financing and more.

Is the Bond Bank's RMF a grant or loan?

The RMF is a loan that is paid back in full.

F: Articles
M: Services

Other areas we can halp

calculator and budget documents

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?

Read more
fire truck

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.

Read more
Cash Flow Image

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.

Read more
water tower

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!

Read more
construction site

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!

Read more