If you are interested in applying for a loan from the FDOT State Infrastructure Bank, a Letter of Interest is now required to be submitted by prospective loan applicants to ensure projects meet eligibility, financial, and production criteria.
The Letter of Interest is available on the SIB Website: http://www.dot.state.fl.us/officeofcomptroller/PFO/sib.shtm
Upon review of an acceptable Letter of Interest, the Department will determine an indicative interest rate for the application based on current market conditions, financial strength of the borrower, term and risk of loan. The entity will then be invited to submit a formal application. SIB funds for the upcoming application cycle will be available July 1, 2016.
Letter of Interest, Application, and Negotiation dates for federal and state eligible production-ready projects are as follows:
Letter of Interest: February 2, 2015 – May 29, 2015
Open for Invited Applications: July 1, 2015
Closed for Invited Applications: August 31, 2015
Commence Negotiations with Loan Candidates: November 30, 2015
