Areas Served: Johnson, Alexander and Pulaski counties – IRP loans cannot be greater than 75% of the total project coSt. – The maximum loan amount is $250,000. – Current interest rate at 4.5% (3.5 points below prime as stated in the Wall Street Journal on the day of approval from the Loan Review Committee Contact
Read MoreAreas Served: City of Eureka and Woodford County, Illinois The City of Eureka and Woodford County, Illinois, in cooperation with the area banks, each administer a 5%, 5-year loan program to encourage business acquisition, expansion and start-up. The maximum borrowing amount is $100,000. Contact InformationEconomic Development Council for Central IllinoisAddress: 124 SW Adams, Suite 300City:
Read MoreAreas Served: City of Freeport There are two local revolving loan funds revolving loan funds for businesses in Freeport, Illinois. – the City of Freeport Revolving Loan Fund and – the Freeport Community Development Corporation Revolving Loan Fund. Contact InformationCity of Freeport, IllinoisAddress: 230 West Stephenson StreetCity: FreeportState: Illinois Website: http://www.ci.freeport.il.us/forms/business%20start%20up%20brochure.pdf
Read MoreAreas Served: City of Mt. Carmel Whether a small business entrepreneur, an owner of a long established retail store, or a small manufacturer, located or willing to locate in our city limits, the City of Mount Carmel, Illinois Revolving Loan Fund may be what is needed to insure healthy profits and investments. The fund represents
Read MoreAreas Served: Winnebago County The Winnebago County, Illinois Small Business Loan Program provides funding for businesses to create jobs for low-moderate income people. One job must be created for each $5,000 borrowed. Interest rates are 5% and loans are available for up to 5 years. Contact InformationWinnebago County, IllinoisAddress: 404 Elm StreetCity: RockfordState: Illinois Website:
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