What financial metrics might be used by the BCIB Program to assess credit worthiness/Applicant qualifications?

In order to be considered for financing through the BCIB Program, all Applicants must demonstrate credit worthiness. The evaluation of credit worthiness will include, but is not limited to, the following factors, which may be adjusted by the County as deemed necessary:

  • Ability to demonstrate an investment grade rating (Standard and Poor’s BBB-rating or its equivalent. If a rating is not available, then the County may conduct a review using an equivalent methodology to be determined by the County).
  • Ability to demonstrate compliance with submitting audited financial statements for the most recent three-year period.
  • All Applicants must not be in default of any financial obligations.

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1. What is the Butler County Infrastructure Bank (BCIB) Program?
2. Why would I apply for a loan from the BCIB versus Federal, State, or private loan programs?
3. Who is eligible to apply for a loan from the BCIB?
4. What type of projects are eligible for BCIB loan financing?
5. Are all project costs eligible for payment with BCIB loan proceeds?
6. Is there a maximum or minimum BCIB loan amount or percentage of project costs that an approved Applicant can receive?
7. What are the BCIB loan terms regarding interest, repayment and security?
8. What financial metrics might be used by the BCIB Program to assess credit worthiness/Applicant qualifications?
9. Will the financial statements provided as part of the BCIB loan application credit review process be kept confidential?
10. What is the “Turnkey” delivery option and how does it differ from the “Finance Only” project delivery option?
11. Are there any pre-application requirements?
12. How are the BCIB loan applications evaluated?
13. When are BCIB applications due and where should they be submitted?
14. How many copies of the BCIB loan application are required to be submitted?
15. When are BCIB project loans approved?
16. What is the BCIB loan program approval process?
17. How are BCIB loan application approvals/denials communicated to Applicants?
18. What is the procedure for accessing the BCIB loan funds?
19. Are Butler County’s administrative costs included in the BCIB loan?
20. How are project cost overruns handled during the project?