For those of you who may not be eligible for B2B grants and are in need of capital, many of our Business Support Organizations can assist you in accessing specific loan programs for small businesses.
Southland Development Authority Connect 2 Capital
The Southland Development Authority offers Connect2Capital, an online lending platform to give 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. Click here to learn more.
Women’s Business Development Center Direct Lending Program
Capital can be challenging if your business is too new (less than two years), or your loan amount is too small (less than $50,000). The WBDC provides loans to small business owners who cannot get a loan from a bank. Loans are available to small businesses in Northeast Illinois with less than $1,000,000 in annual revenue.
Click here to learn more.