Flexibility You Need to Move Your Business Forward
*Advantage Illinois loans offer financing with maximum participation being the lesser of 25% of the project, 50% of the loan, or $2 million.
Fewer than 750 employees.
For-profit entities operating legally in Illinois are eligible. Certain businesses such as real estate investment firms and those selling cannabis or tobacco are ineligible.
Owners must invest equity in the business before applying, demonstrating commitment and reducing lender risk.
Funds must be used for legitimate business purposes such as working capital, equipment purchase, real estate acquisition, inventory, leasehold improvements, or accounts receivable.
The business and owners must be in good standing, with no recent bankruptcies, judgments, or liens, and current on taxes.
(Socially and Economically Disadvantaged Individuals)
If your business is SEDI-owned, you may need to provide additional documentation to validate the disadvantaged status of the business owner(s).
to ensure an Advantage Illinois loan is right for you.
by clicking the link below and connecting with an expert to start your application.
after your application is approved and begin funding your next business project.
Our team of dedicated professionals are here to support you.
