Iowa Finance Authority Board Meeting Agenda March 2026
IFA Awards $200K Participation to Reliance State Bank for Farm Loan
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Description
IFA approved a $200,000 participation in Reliance State Bank's $400,000 agricultural loan to Colton Douglas Finley for 77 acres through its Loan Participation Program.
Contract Details
Contract Amount
$200,000 participation (in $400,000 loan)
Vendor
RELIANCE STATE BANK
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
March 4, 2026
Contract Term
10 years (balloon); 20-year amortization on land
Renewal Date
2036-03-04
Renewal Info
10-year balloon, fixed rate for duration; rate set at approval, adjusts annually by program formula.
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