The Source Resources, Last Chance for B2B Grant and Berwyn Shops Reopening

Welcome to the May edition of The Source Newsletter! Whether you are just starting out or looking to grow your business, our aim is to provide you with valuable resources and tools to succeed in today’s competitive business landscape. From financial tips to funding opportunities, The Source Newsletter strives to keep you informed and equipped with the knowledge and resources to thrive.

We know the difference that funding can make to a small business. The Source is here to help you manage your finances effectively and ensure you are prepared to apply for funding opportunities. The Source’s Resources page has a wide range of tools and information to assist you in sharpening your financial skills so you can obtain the best financial solutions for your business needs. From guidance on understanding financial statements to balance sheet templates, we have it all.

Visit our Manage Your Business page to find these and so many other financial management tools to help you and your small business succeed.

Calling Restaurant, Hotel & Creative Arts Business Owners!

The Illinois Department of Commerce and Economic Opportunity (DCEO) Back to Business (B2B) grant application portal closes on May 10. Don’t miss your chance to apply!

Eligible businesses can apply for $175 million in available grant funding. Visit our Programs page for more details.

Sign-up here for B2B application assistance with one of The Sources 10 Spoke partners.

DCEO B2B Events

Small Businesses Spotlight

12 new businesses launch at Berwyn Shops!

Every weekend from May to mid-December, support local Berwyn small businesses and shop everything local from hand-poured candles, curated apparel, gorgeous accessories, and baked goods. The Berwyn Shops are proud to represent the many communities in Berwyn and the surrounding areas – presenting local small businesses that are women led and founded, bilingual speaking, Latinx owned, and LGBTQIA+ allied.

Come meet the vendors and see their amazing products! To learn more about each vendor, click here.

Please join us at the ribbon cutting ceremony on May 5 from 10:00 AM – 12:00 PM at 6931 Roosevelt Rd, Berwyn, IL as we welcome the 12 new Berwyn Shops vendors! RSVP here.

Upcoming Events

Small Business Financing

Advantage Illinois

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.

For a list of participating lenders, FAQs click here.

Self-Help Federal Credit Union

Small Business Loans

Self-Help Federal Credit Union offers small business loans from $15,000 and up. These loans can be used to expand, purchase equipment or a building, or undertake renovations. To learn more and see if you are eligible click here.

Website: cookcountysmallbiz.org

Email: [email protected]