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Not-for-Profit Lending

At First American Bank, we believe that our expertise and flexibility as an organization provides significant advantages to not-for-profits during the financing process and beyond. Our Not-for-Profit Banking Group dedicates a project team of experts to formulate and present all available financing options. Your team will assist throughout the financing process and will remain a partner and reliable resource after closing.


Our group has an extensive background in tax exempt financing having collectively worked on over 500 transactions in the last 10 years. Our years of experience have given us a thorough understanding of the issues and concerns unique to tax exempt financing. Additionally, we have extensive contacts within the bond financing community and are a member of multiple associations.


We specialize in purchasing bond issues for our own portfolio through our Direct Placement Program. The program targets organizations involved in education, healthcare, human services, associations, cultural activities and manufacturers. Whether it’s for a real estate or equipment purchase, new construction, renovation, leaseholds or bridge financing for a capital campaign, our approach to tax exempt financing provides an attractive, low-cost option.

The Direct Placement Program provides clients with attractive lending terms, including long term interest rates, flexible amortizations, predictable cash flows, unique collateral structures, simplified financial covenants, options for prepayment and many other deal specific conditions. We welcome the opportunity to discuss our Direct Placement Program and evaluate the different financing options with a comprehensive economic analysis.

In addition to the Direct Placement Program, we consider financing options such as letters of credit, lines of credit, installment debt and equipment financing. We pride ourselves on an efficient and quick decision process with accelerated closings.

Eliminating Boundaries. Building Relationships.

Headquartered in Chicago, First American Bank has provided tax exempt financing to clients located around the country. Our comprehensive offerings allow us to service our out-of-state customers like they were next door.

Our 30 plus years of experience within the tax exempt community allows us to have access to and familiarity with the best professionals in the industry.


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