Financing

Date this page was last edited 01/24/2006

Southwestern Illinois Development Authority

FINANCING

BONDS

SWIDA finances development through the sale of both taxable and tax-exempt bonds

projects ranging from $800,000 to $40 million,
low interest rates,
periods as long as 40 years,
a quick and easy double tax-exempt program for units of local government.

GAP FINANCING

The Southwestern Illinois Community Development Corporation (SWICDC), a for-profit company, makes GAP LOANS of $50,000 to $500,000 to small businesses. It is managed by SWIDA and includes -

eight area banks,

one local utility,

Bond, Clinton, Madison and St. Clair Counties, and

Southern Illinois University at Edwardsville (SIUE).

Parsons Place

MICRO LOANS

SWICDC has joined forces with the Small Business Development Centers at East St. Louis and SIUE to offer a MICRO LOAN program for very small and start-up businesses with loans from $2,000 to $25,000.

SWIDA has the Experience

and Resources to Make It Happen!

For more information contact - info@swida.org

Or call (618) 345-3400 today.

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