Illinois RLF - Business Loan Funds

Revolving Loan Fund – Village of Teutopolis, Illinois

Areas Served: Village of Teutopolis The Village’s Revolving Loan Fund (RLF) program is a source of locally controlled financing to be used in cooperation with traditional bank loans to assist credit-worthy existing and startup businesses within Teutopolis, Illinois. Both existing businesses interested in expanding their present operations as well as prospective new investors interested in

Community Development Corp Loan Fund – Regional Planning Commission

Areas Served: Champaign county, Illinois The Champaign County Community Development Corporation (CDC) is a multibank community development corporation that promotes small business start-up and expansion and generates employment opportunities for lower-income residents of Champaign County, Illinois. The CDC provides debt and equity financing to qualifying small businesses. Its underwriting criteria maintains a balanced investment portfolio

USDA Intermediary Relending Program – Jackson Growth Alliance

Areas Served: Jackson County The purpose of the USDA Intermediary Relending Program (IRP) is to alleviate poverty and increase economic activity and employment in rural communities of Jackson County, Illinois. Under the IRP program, loans are provided to local organizations (intermediaries) for the establishment of revolving loan funds. The rural businesses targeted for IRP financing

Community Development Assistance Program – North Central Illinois Council of Governments

Areas Served: Bureau, Grundy, LaSalle, Marshall, Putnam, and Stark counties, Illinois The Community Development Assistance Program-Economic Development which is managed by Illinois Department of Commerce and Economic Opportunity offers business funds that are available for Illinois communities in Bureau, Grundy, LaSalle, Marshall, Putnam, and Stark counties to assist the location/retention of businesses in their communities.

Revolving Loan Fund – Dewitt County Development Council

Areas Served: Dewitt County, Illinois The Dewitt County Development Council Revolving Loan Fund is a short-term loan (between 3-5 years) with low-interest rates between 3% – 5% for businesses in Dewitt county. A volunteer Finance Advisory Committee will review the application. Loan payments to the DCDC RLF begin within 30-60 days of loan approval. Leverage Requirement: