Business Financing

The Illinois Department of Commerce and Economic Opportunity (DCEO) Advantage Illinois provides low-interest loans to socially and economically disadvantaged individuals and businesses with less than 10 employees facing challenges in securing traditional financing. 

The Illinois Finance Authority (IFA) issues tax-exempt Industrial Revenue Bonds (IRBs) to help manufacturing companies finance fixed assets like land, buildings, machinery, and equipment. Since the interest on these bonds is not subject to federal income taxes, lenders offer lower interest rates, allowing businesses to save significantly. 

The Illinois State Treasurer's Office provides lower-rate loans to businesses in low-income communities.

SBA 504 Debenture Program

Offers long-term, fixed-rate financing for small businesses aiming to acquire major fixed assets that promote business growth and job creation.

SBA 7(a) Guaranteed Loan Program

Provides loan guarantees to lenders that allow them to provide financial help for small businesses with special requirements

The Business Attraction Prime Sites Capital Grant Program provides grants for large-scale capital investments in Illinois that result in job creation.

Cook County C-PACE Financing allows property owners to fund energy efficiency, renewable energy, and water conservation projects up to 100% with no upfront costs

Programs to improve energy efficiency, reduce associated costs, and enhance sustainability profiles.

The Illinois Angel Investment Tax Credit Program offers tax credits to innovative, early-stage companies to help obtain the working capital needed to further the growth of their company in Illinois.