Areas Served: Alexander, Hardin, Johnson, Massac Pope, Pulaski, and Union The CSBG Loan Program is a low interest loan program assists small businesses in creating jobs for CSBG eligible persons. Loan funds are available for starting a new business or expanding an existing business. A job creation commitment is a required part of the loan
Read MoreAreas Served: Statewide Illinois The Collateral Support Program (CSP) may be accessed via participating banks. It is designed to supplement loan collateral of small businesses and entrepreneurs to enhance the equity and/or loan collateral levels of these potential borrowers. The program supplies pledged collateral accounts to participating lending institutions. This program enhances the collateral of
Read MoreAreas Served: Stark County The purpose of the RMAP program is to support the development and ongoing success of rural microentrepreneurs and microenterprises through low interest business loans in Stark County, Illinois. USE OF PROCEEDS Working capital Purchase of real estate inventory Supplies Furniture/fixtures Raw materials Machinery and equipment. MAXIMUM AMOUNT – Each application will
Read MoreAreas Served: Champaign county, Illinois The Champaign County Regional Planning Commission (RPC) provides Community Services Block Grant funding for stimulating the expansion and retention of businesses in Champaign County, Illinois. Uses: Working Capital, Machinery & Equipment, Land and Building, Rate: Prime +/- 2% with 1% loan origination fee Structure: Up to 49% of project cost
Read MoreAreas Served: Macon County and the City of Decatur, Illinois The Revolving Loan Fund is a low interest loan fund which was established by the Economic Development Corporation of Decatur-Macon County and the City of Decatur and is now managed by the Community Investment Corporation of Decatur, Illinois. This money can be accessed to assist
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