- Mark Gauss, Manager, Business Finance Division
- Illinois Department of Commerce and Economic Opportunity (DCEO)
- 500 East Monroe Street
- Springfield IL, 62701
- (800) 785-6055
- Websitge: www.AdvantageIllinois.biz
Purpose of the Program
DCEO seeks to encourage new bank lending to small
business, by purchasing portions of bank term loans, and RLOCs, applying below market interest rates to DCEO””s portion,
and subordinating its exposure that those of the lending entities.
Who is Eligible
For-profit businesses with 750 employees or less.
Contact a participating bank listed at the DCEO-Advantage Illinois web site.
Availability of Funds
How Funds are to be used
Funds cannot be used for debt refinancing of banks own existing loans, contingency funding or passive real estate investment. Borrower must occupy at least 51% for the business being financed.
Types of Assistance
Year Program was established