Areas Served: Pekin Illinois TIF disctict The City of Pekin Downtown TIF Commercial Retail & Upper Story Housing Loan Program is a forgivable loan (0% interest rate-otherwise known as a grant), but requires private financing to complete the project. The loan amount is a dollar to dollar match, up to but not exceeding $25,000. The
Read MoreAreas Served: Christian, Clay, Effingham, Fayette, Montgomery, Moultrie, and Shelby Counties. C.E.F.S. Economic Opportunity Corporation offers a loan program for businesses in the Illinois counties of Christian, Clay, Effingham, Fayette, Montgomery, Moultrie, and Shelby. It provides long-term, fixed-rate financing to new-or-expanding businesses in exchange for job creation and employment. Under the “microloan” program, 100% of
Read MoreAreas Served: McHenry County McHenry County< illinois has a Micro Loan Fund for the purpose of encouraging economic growth and increasing the size of its commercial and industrial base. The McHenry County Micro Loan Fund (MCMLF) is a government funded program that helps build start up businesses or firms with under $3 million in annual sales located in McHenry
Read MoreAreas Served: Adams, Brown, Pike, and Schuyler counties, Illinois Two River Regional Council’s Business Assistance office offers three different Revolving Loans to businesses in the TREDD region. Economic Development Administration RLF-EDA funds are targeted to assist the needs of businesses wishing to locate or expand within Adams, Brown, Cass, Pike, Schuyler or Scott counties that
Read MoreAreas Served: Village of Lena This incentive provides a low interest loan oportunity to assist in expansion or help a business locate within the Village of Lena, Illinois. The RLF is not designed to be the primary source of financing for a project. It is intended to provicde a source of financing which may otherwise
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