Finding the right financing solution is a key component of a successful development project. Whether your strategic plan includes the expansion of business operations, the purchase of a new building, improving an existing facility, or investing in new equipment, there are several financing resources available. Projects that promote economic development and strengthen local communities are often eligible for incentives, including tax credit equity, tax-exempt interest rates, and/or subsidized interest rate loans. Navigating these economic development tools is where MB Financial Bank can help.
At MB, our experienced relationship managers can help you choose the right financing solution and serve as a trusted advisor for your project. Our skilled professionals work with public, private and non-profit organizations and offer deep expertise on the programs and opportunities available that foster expansion and growth.
Specialized financing options to fit a variety of capital needs:
Industrial Revenue Bond (IRB)*
This tax-exempt loan is issued through a conduit to finance private manufacturing projects, including new equipment, new facility construction, and expansion or acquisition of an existing facility.
SBA 504 Loan
For-profit small businesses may be eligible for an SBA 504 loan guaranteed by the US Small Business Administration. Projects that promote economic development, including the purchase, construction or improvement of real estate and/or equipment may qualify.
New Markets Tax Credit (NMTC Program)
Businesses located within an eligible census tract may receive State and/or Federal tax credit equity for projects that stimulate private investment capital in underserved markets.
DCEO Advantage Illinois Participation Loan Program
Small businesses seeking to obtain medium to long-term financing for business expansion and growth may be eligible for term loans at below-market, fixed interest rates.
* MB is not a registered Municipal Advisor Back to top
To find the right project financing for you, contact an MB relationship manager.