California Infrastructure and Economic Development Bank (IBank) today reported it has closed more than $1 billion in loans around the state to finance critical infrastructure that helps ensure clean water, organic recycling, safer highways, expanded air travel access, coastal protection, fire protection and more.

This success is achieved through loan financing in amounts ranging from $1 million to $65 million with loan terms up to 30 years. IBank, located with the Governor’s Office of Business and Economic Development (GO-Biz), administers the Infrastructure State Revolving Fund program to provide this low-cost public financing to state and local government entities, including municipalities and nonprofit organizations sponsored by public agencies. Read the release from IBank for the details.

Small Business Development Corporation of Orange County is one of seven financial development corporations that operates under IBank to administer state small business loan guarantees and other financing toward increasing capital access opportunities for vulnerable small businesses and entrepreneurs.