$500K
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Loan participations and credit enhancements for Illinois small businesses and lenders. DCEO participates in up to 25% of bank loans ($25,000–$500,000) at below-market rates, reducing lender risk and unlocking credit for small businesses creating jobs.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Illinois-based small business (under 500 employees)
2.Loan: $25,000–$500,000
3.State participates in up to 25% of total loan at 0–3% interest
4.Must create or retain at least 1 full-time job per $35,000 in state participation
5.Business must demonstrate creditworthiness through participating bank
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Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
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