Small Business Revolving loan
How to Apply
The small business revolving loan fund provides low-interest loans between $5,000 and $50,000 with a low-interest rate fixed at 1%. The loan can potentially be used for property improvements, equipment, purchase of inventory, or other costs associated with business expansion. Generally any for-profit property owner, tenant, or purchaser of a property is eligible to participate in the Program so long as the business housed at that location currently employs 25 or fewer employees and has annual net revenues of $1 million or less. For full details on eligibility please contact us.
To apply please contact the Community Development Department at 217-431-2873 or firstname.lastname@example.org and we would be happy to walk you through the entire process from determining eligibility to filing required paperwork.
Once you have contacted the department we will go over the following forms with you.
Small Business Revolving Loan Information and Application