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IL
Advantage Illinois — State Small Business Credit Initiative (SSBCI)
Low-interest loan program for Illinois small tech businesses facing barriers to conventional credit, deployed through the Advantage Illinois umbrella with up to $354.6 million in funding.
About this program
Visit the program website for full details.
Eligibility
Illinois small businesses, including tech startups, that face barriers to conventional credit. Administered through DCEO-approved local lenders. Focus on socially and economically disadvantaged entrepreneurs.
Requirements
- Must work through an approved Advantage Illinois lender
- Business must be located in Illinois
- Lender must be enrolled in the Advantage Illinois program