Areas Served: Statewide Illinois The Capital Access Program (CAP) may be accessed via participating banks. Through the program, financial institutions are encouraged to make capital financing loans to small and new businesses that do not qualify under conventional lending policies. CAP uses small amounts of public resources to generate private bank financing. Funding from a
Read MoreAreas Served: Downtown Momence Illinois In August 2009, Main Street Momence, Illinois was awarded a $99,000 USDA Rural Development Grant to established a low-interest revolving loan program. Kankakee County provided $50,000 as the local match for the fund. Goals of the Main Street Momence Revolving Loan Program are: – To serve as an incentive to
Read MoreAreas Served: City of Carlyle Purpose To promote economic development in Carlyle, Illinois the City has established the Revolving Loan Fund to assist business and job retention and growth. Revolving Loan funds are meant to supplement other sources of financing, including public and/or private sector financing. Loans are low-intereSt. Eligibility Any business seeking to locate
Read MoreAreas Served: Bond, Clinton, Marion and Washington counties BCMW Community Services provides low interest loans to Illinois businesses in Bond, Clinton, Marion and Washington counties for start up or expansion. The business must hire low-income people as a condition of this loan. The loan provides long-term, fixed rate financing to new-or-expanding businesses in exchange for
Read MoreAreas Served: Du Page County The purpose of the loan fund is to provide funding to entrepreneurs who wish to develop or expand a business within DuPage County, Illinois and who are willing to create employment opportunities. Financing: – This is a loan program – The loan has a fixed rate – The interest rate
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