Working Capital Loan
Fast access to cash

Take advantage of opportunities, cover a cash-flow shortage, stock up on inventory and more.

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Villages, schools, and libraries can benefit from low-cost financing

Municipalities everywhere need funds to maintain infrastructure and pay for new facilities. At First American Bank, we can provide the necessary capital by buying bonds directly from government entities. The bank is exempt from paying taxes on the bond interest income, and we pass that financial advantage on to municipalities in the form of a lower borrowing rate.

  • Structure can be general obligation, revenue, or alternate revenue source bonds
  • Bonds can be issued by municipalities, school districts, park districts, libraries, and fire districts for new projects or to refund existing debt
  • Low-cost alternative to publicly underwritten bonds saves governmental entities time and expense.
  • Forward commitments allow borrowers to lock in rates up to 12 months in advance of a future refunding.
First American Bank is a full-service bank with locations in Illinois, Wisconsin and Florida.