Areas Served: Boone or Winnebago Counties The CSBG Program provides long-term, fixed rate financing to new or expanding businesses in exchange for job creation and employment of low-income individuals residing in Boone or Winnebago Counties – Provides up to 40% of project or available funds. The remaining 50% can be comprised of other public or
Read MoreAreas Served: City of Jacksonville The City of Jacksonville, Illinois Revolving Loan Fund provides gap financing for existing businesses locally, as well as, out of town businesses wanting to locate in Jacksonville. The RLF was established through funds recaptured from Community Development Assistance Program economic development loans. Contact InformationJacksonville Regional Economic Development CorporationAddress: 221
Read MoreAreas Served: Chicaago, Illinois SMALL BUSINESS IMPROVEMENT FUND The SBIF offers a rebate of up to 50 percent of your investment in building or tenant improvements. Businesses must be located in eligible TIF districts. TIF WORKS Invest in your workforce with training grants, available through the City of Chicago, that can cover up to 100
Read MoreAreas Served: City of Rockford The Rockford Local Development Corporation manages over $3.5 million for micro lending to Rockford, Illinois businesses through several loan programs. – The business must be manufacturing or commercial and create new jobs, retain jobs, or provide other community benefits. – Maximum loan is $200,000 or 33% of total project costs,
Read MoreAreas Served: Madison County Madison County, Illinois offers a ow interest gap financing loan programs for businesses to fund projects in conjunction with banks that creates new permanent jobs to assist businesses interested in locating, expanding or retaining their operations in the County. Contact InformationMadison County Community DevelopmentAddress: 130 Hillsboro AveCity: EdwardsvilleState: Illinois Website: http://www.co.madison.il.us/Community_Development/Jobcreationfactsheet.pdf
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