Areas Served: City of Rock Island The Commercial / Industrial Revolving Loan Fund (CIRLF) loan program provides gap financing for business start-ups or for expansion projects. The program offers low-interest loans to industrial, commercial, light manufacturing, retail, and service industries. Funds can be used toward the purchase of fixed assets (land, building, and equipment) and
Read MoreAreas Served: Champaign, Douglas, Ford, Iroquois, Piatt, or Vermilion County, Illinois The purpose of the Intermediary Relending Program (IRP) is to alleviate poverty and increase economic activity and employment in rural Illinois communities through financing targeted primarily towards smaller and emerging businesses, in partnership with other public and private resources. Terms ¢ Minimum loan amount:
Read MoreAreas Served: Franklin, Jackson, Jefferson, Perry and Williamson counties, Illinois The Greater Egypt Regional Planning & Development’s EDA Revolving Loan Program is used for projects in Franklin, Jackson, Jefferson, Perry and Williamson counties in Illinois. RLF funds are available up to $150,000 or $15,000 per full time job created. Interest rates are 3% and higher.
Read MoreAreas Served: City of Fairfield Both the City of Fairfield, Illinois and Wayne County have low interest revolving loan funds (RLFs) available for qualifying businesses. Qualifying To qualify a borrower must have a good credit history. As a rule a RLF project would be financed with at least one-third of the borrower’s cash, one-third from
Read MoreAreas Served: City of Galesburg The Galesburg Chamber of Commerce offers access to several business loan programs for Galesburg, Illinois businesses. GDC SSA Facade Grant Program The GDC Façade Grant Program is designed to assist property owners and businesses with exterior visual improvements to building facades, including new signage, awnings, or historical restoration. ¢ Maximum
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