Term loans from $15,000 to $50,000, for those one year or more in business, no minimum credit score, collateral required.
Programs Category: Loans
Regional Development Company 504 Loan Program
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.
Commercial Property Assessed Clean Energy (C-PACE) Financing for Clean Energy Building Improvements
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.
The Illinois Innovation Venture Fund (INVENT)
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.
Advantage Illinois’ Loan Guarantee Program SSBCI 2.0 Small Business Growth Program for Illinois Entrepreneurs
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.
Wintrust SBA Loans
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
SomerCor: Bridging Financing Gaps for Small Businesses in Illinois
SomerCor SBA 504 Loans: Buy, Build, and Refinance Commercial Real Estate and Heavy Equipment
Small Business Lending at Northwest Community Credit Union: Tailored Loans for Local 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.
Connect2Capital by Southland Development Authority (SDA): Loans for Working Capital, Equipment, and More
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.
Small Business Administration Disaster Loan Assistance: Financial Aid for Storm-Impacted Businesses
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.
