Areas Served: Statewide Illinois The Women’s Business Development Center is offering microloans for start-ups and established small businesses based in Illinois. The loan program, which starts this month until funding runs out, was created in response to the credit crunch that has constrained small business development. Newly formed businesses can apply for loans up to
Read MoreAreas Served: City of Pinckneyville The City of Pinckneyville, Illinois operates a local revolving loan program to provide financing to local businesses. These funds are locally administered pools of money used to make loans or equity investments. Funds can be used for working capital, land acquisition, building acquisition, rehabilitation or construction, and the purchase of
Read MoreAreas Served: City of Naperville hrough the Revolving Loan Fund, small businesses and multi-family buildings located in Naperville may be eligible for an interest-free loan to be repaid over 5 years. The loan will be administered on a rolling basis. All projects awarded funding will be required to undergo a pre-inspection before work begins and
Read MoreAreas Served: Johnson, Alexander and Pulaski counties – The maximum loan amount is $30,000. – Can be used for machinery, equipment, working capital, land, and building purchase. – The interest rate for a ME&Y loan is 4.5%. – There is a $50 non-refundable application fee. – The borrower is resp Contact InformationSouthernmost Illinois Delta Empowerment
Read MoreAreas Served: Statewide Illinois The Business Invest: Small Business program supports Illinois small businesses by enabling financial institutions to offer interest rate reductions on loans to new and existing small businesses. For each approved Business Invest: Small Business project, the Treasurer’s Office deposits funds at a below-market rate with the financial institution providing the loan
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