Our Products

Explore IBank’s climate financing products

Direct Lending

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

Infrastructure State Revolving Loan Fund directly provides low-cost public financing to local governments, as well as nonprofits sponsored by public agencies, for a wide variety of infrastructure and economic expansion projects that improve and sustain communities, including projects with energy efficiency, distributed clean energy generation and storage, and climate-smart design elements.

View more information about Infrastructure State Revolving Loan Fund (ISRF)

Complete the ISRF Intake Form

Climate Incentives Bridge Loans provide bridge financing for public, private, and nonprofit sector borrowers that anticipate receiving incentives to finance project costs, such as utility and state agency rebates, federal clean-energy tax credits, and reimbursable grant funds. The Incentive Bridge loan is typically structured as a term loan with no prepayment penalty and includes an expectation that incentive payments will be used to retire outstanding debt.

View more information about Climate Incentive Bridge Loans

Complete the Climate Catalyst Intake Form

Loan Guarantees

By guaranteeing loans, IBank gives lenders the confidence they need to issue loans to businesses that otherwise struggle to access capital. IBank’s loan guarantees encourage lenders to provide funds to businesses and projects to help them grow and prosper.

IBank’s loan guarantees can cover up to 80% of a borrower’s outstanding loan in the event the borrower is unable to pay. In some cases, guarantees can also lead to more accessible terms for borrowers, such as lower interest rates.

For loan guarantees less than $5 million, IBank can provide a guarantee of 80% of a loan’s value.
For loan guarantees between $5 million and $30 million, IBank can provides a 70% guarantee, and up to 80% if the loan is made to a project or business in an underserved community. IBank will consider guarantees of greater than $30 million for particularly high-impact, creditworthy loans.

View more information about IBank’s climate financing loan guarantee products

Loan Participations

IBank Climate Loan Participations allow IBank to lend alongside eligible lenders (Lead Lenders) who make green loans in order to encourage lenders to fund climate projects.

IBank Climate Loan Participations will lend up to 50% of the amount of the loan, with IBank’s participation targeting $10 million to $40 million, with a maximum of $100 million for particularly high-impact, creditworthy loans. In underserved communities IBank may increase its level of participation up to 60% and/or may offer a reduced interest rate on its share of the loan, resulting in a lower, blended interest rate for the borrower.

View more about Climate Loan Participation

Green Bonds

As a conduit issuer, IBank issues bonds on behalf of a borrower and then lends those proceeds to that borrower. IBank issues four types of bonds that can be eligible for green bond designation: Industrial Development Bonds, 501(c)(3) Bonds, Public Agency Revenue Bonds, and Exempt Facility Bonds.

View more information about IBank bond issuances

Frequently Asked Questions

IBank Climate Financing

Q: What are the application periods for each Climate Financing product?

A: The Climate Catalyst Revolving Loan Fund is open for applications on an ongoing basis. If funding is no longer available, IBank will update this webpage.

Q: What types of lenders are eligible for IBank’s Climate Loan Guarantees and Climate Loan Participations?

A: The following types of lenders are eligible:

Federal or state-chartered banks
Savings associations
Certified Community Development Financial Institutions (CDFI)
Credit unions
Farm Credit System Insurance Corporations (FCSIC)
Other financial institutions with IBank exception

View more information about Lender Eligibility and Enrollment

Q: Can you help me determine which type of financing is the best fit for my climate solution?

Yes! Contact us and we will be happy to assist you.

E-mail us: climatefinancing@ibank.ca.gov
Call us: (916) 341-6600

Q: Does my project need to be in California?

A: Loan proceeds must be used to support projects, activities, and technologies in California. Businesses receiving these loans or credit enhancements do not need to be California-based.

Q: Can I give input on IBank’s climate financing products?

A: Yes. Acting jointly as the state’s green bank, IBank and the State Treasurer’s Office welcome your input on California’s green banking strategy, including real-time market conditions, financing gaps in key climate sectors, and suggested financing solutions to fill those gaps. Submit your feedback and product proposals through the State of California Climate Financing Request for Information (RFI). The RFI is open and does not have a deadline.

View more information about the RFI