IDFA - Participation Loan Program

This program provides participation loans for fixed-asset projects for small- or medium-sized firms that create or retain jobs.

Loan Funding Uses
Loan funding may be used for land or building acquisition, building construction and renovation, and machinery and equipment acquisition.

Loan Amounts
  • The authority may provide up to $300,000 or 50% of project costs, whichever is less, for primarily fixed-asset projects.
  • Loans can be provided up to 25% of the total amount of the project, but not less than $10,000 or more than $750,000.
  • Minority, women, and disabled participation: DCCEO may not exceed 50% of the project and is subject to a maximum of $50,000
Servicing the Loan
The bank performs the underwriting and is responsible for loan closing and servicing, which results in lower costs to the borrower.