Find up to date information on grant and loan opportunities available to your small business. See an opportunity you’re interested in? Connect with a business advisor to help you fill out a correct and competitive application.

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  • Grants
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Looking to replace your awning or renovate your building? You may be eligible for the BDC’s Finish Line Grant. This grant program assists businesses and property owners with interior and exterior renovation costs, such as awnings, façade improvements, rodent abatement, and buildouts.

Berwyn Development Corporation Finish Line Grant for interior and exterior renovations

The Cook County Department of Environment and Sustainability (DES) has established the Businesses Reducing Impact on the Environment (BRITE) program. This free program helps businesses reduce their environmental impact, create a healthier environment for their employees, customers and community by offering on-site assessments to reduce pollution. Once an assessment has been completed, select businesses will be offered the opportunity to apply for grant funding.

BRITE (Businesses Reducing Impact on the Environment) Environmental Impact Reduction Grant Program for Select Industries

Are you a community developer or property owner looking to strengthen the local community through an improvement project? The Chicago Recovery Grant will assist with funding for pre-development, construction, or renovation costs for permanent capital improvement initiatives.

Chicago Recovery Plan Community Development Grant for Local Improvement Projects: Pre-development, Construction, and Renovation Initiatives

Are you a licensed child care provider located in suburban Cook County? LeadCare Cook County supports a safe and healthy learning environment for children by offering free lead service line replacement. When you enroll in LeadCare Cook County, you pay nothing to have a licensed plumber replace your line. Their services also help your business comply with lead testing and mitigation requirements set by the Department of Children and Family Services.

LeadCare Cook County: Free Lead Service Line Replacement Program

The Small Business Improvement Fund (SBIF) provides grant funding for permanent building improvements and repairs across the city. Offered by the City of Chicago’s Department of Planning and Development (DPD) to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide. Program participants can receive grants to cover between 30% and 90% of the cost of remodeling work, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties. The grant, which is administered by SomerCor on the City’s behalf, does not have to be repaid.

Small Business Improvement Fund (SBIF) Grant for Building Repairs and Enhancements

Advantage Illinois’ Loan Guarantee Program supports business applicants who are having difficulty gaining access to capital by using funds to guarantee a percentage of loans provided by partner lenders. Advantage Illinois accelerates investments and eases the credit crunch for small businesses, thanks to more than $78 million from the federal State Small Business Credit Initiative (SSBCI) of the Small Business Jobs Act of 2010. Find a list of participating lenders, FAQs and more below.

Advantage Illinois’ Loan Guarantee Program SSBCI 2.0 Small Business Growth Program for Illinois Entrepreneurs

Apply for reliable and flexible loans ranging from $500 to $100,000, that do not use credit scores and do not put liens on personal assets. Applicants are evaluated based on how well they have managed their debts over the past two years and how much cash they have available to make monthly loan payments. View loan opportunities provided by Allies for Community Business below.

Allies for Community Business Loan Opportunities: Flexible Loans from $500 to $100,000

As a preferred SBA (Small Business Administration) lender, BMO can process your government small business loan so you can get back to business. They ensure longer terms and amortizations, no balloon payments, and lower down payments. Explore their variety of SBA loan programs to support your business needs.

BMO Harris SBA Loans: Government Small Business Loan Support

C-PACE is an innovative program that enables commercial property owners to obtain 100% long-term, fixed-rate financing for energy efficiency, renewable energy, resiliency, water use and electric vehicle charging building improvements.

Commercial Property Assessed Clean Energy (C-PACE) Financing for Clean Energy Building Improvements

There is an Equity Capital Gap for Black, low-to-moderate income, and other diverse entrepreneurs. Funded through The PNC Foundation, the Community Micro Equity Fund is a collaboration between Greenwood Archer Capital and Sunshine Enterprises that aims to fill this gap by providing equity to leverage debt or to offer equity when debt is not a viable option. The program will create an ecosystem of support which will include business education, working capital, credit repair coaching, incubation and access to co-working space, patient mezzanine equity and strategic, ongoing mentoring.

Community Micro Equity Fund: Equity Support for Diverse Entrepreneurs

Connect2Capital is an online lending platform that gives small businesses a safe, smart alternative to for-profit online lenders with high interest rates. SDA’s network of mission-driven nonprofit lender partners offer small business loans for working capital and equipment needs from $5,000 to $100,000 and up.

Connect2Capital by Southland Development Authority (SDA): Loans for Working Capital, Equipment, and More

Greenwood Archer Capital (GAC) formerly Chicago Neighborhood Initiatives MicroFinance Group is a non for profit 501c(3) Community Development Financial Institution (CDFI) organization founded in 2012 to supply micro and small business loans catalyzing small business development throughout the metropolitan Chicago area and its adjacent suburbs and greater Cook county Illinois. GAC’s suite of products are offered with the intention and purpose to level the playing field for Black and other underserved small businesses.

Greenwood Archer Capital: Microenterprise and Small Business Loan Programs for Underserved Businesses

Hello Alice’s Small Business Financing Marketplace powered by Lendflow, connects you to more than 90+ lenders and other financing companies for loans. By filling out one form, you gain access to fast access funding opportunities, inclusive credit opportunities, and much more.

Hello Alice Small Business Financing Marketplace: Simplified Access to 90+ Lenders

Kiva is a non-profit that expands access to capital for entrepreneurs around the world. Kiva provides loans of up to $15,000 at 0% interest. Additionally, you have the opportunity to market your product to Kiva’s community of 1.6 million supportive lenders.

Kiva Capital Opportunities: Loans Up to $15,000 at 0% Interest

Access a comprehensive list of federal, state, and private small business grants and resources for finding more.

Nerdwallet Small Business Grants: Funding Resources for Startups and Existing Businesses

The Small Business Administration’s 504 Loan Program is a long-term financing tool for economic development within a community. The SBA 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and large equipment.

Regional Development Company 504 Loan Program

Was your business impacted by severe storms and flooding occurring between June 29 to July 2, 2023? Cook County small businesses located within a declared disaster area may be eligible for financial assistance from the U.S. Small Business Administration (SBA). Learn more about available disaster loans and requirements by following the link below.

Small Business Administration Disaster Loan Assistance: Financial Aid for Storm-Impacted Businesses

Northwest Community Credit Union provides a small business lending program consisting of four product suites: Lines of Credit, Vehicle Loans, Credit Cards, and Term Loans. Any business with 2 to 50 employees that’s been operating for at least 2 years is able to apply.

Small Business Lending at Northwest Community Credit Union: Tailored Loans for Local Businesses

SomerCor SBA 504 Loans: Buy, Build, and Refinance Commercial Real Estate and Heavy Equipment

SomerCor: Bridging Financing Gaps for Small Businesses in Illinois

The Illinois Innovation Venture Fund (INVENT) is a $114 million direct equity capital program for founders and communities that have faced barriers to accessing capital.

The Illinois Innovation Venture Fund (INVENT)

Wintrust’s Small Business Administration (SBA) loans provide three primary lending options: the SBA Express Program, SBA 7 Loans, and SBA 504 Loans. The award-winning team of SBA lending specialists is dedicated to helping you through the process of finding the right financing option for your business

Wintrust SBA Loans

Term loans from $15,000 to $50,000, for those one year or more in business, no minimum credit score, collateral required.

Women’s Business Development Center Direct Lending Program


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