Areas Served: Champaign county Illinois
The Champaign County Regional Planning Commission (RPC) provides Community Development Assistance Program funding for stimulating the expansion and retention of businesses in Champaign County, Illinois.
Uses: Working Capital, Machinery & Equipment, Land and Building Rate: 6% with a 1% loan origination fee Structure: 20% of project cost up to maximum of 50% Amount: – Minimum – $15,000 – Maximum – $750,000 Term: Usually 510 years contingent upon collateral and use of CDAP funds invested Employment: One full-time equivalent job for every $15,000 of CDAP funds invested Collateral: Senior position preferred on identifiable assets Location: Within Champaign County with some restrictions
Contact InformationRegional Planning Commission
Address: 1776 East Washington Street
City: Urbana
State: Illinois
Website:
http://www.ccrpc.org/economic/businessloans.php
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