Community Service Block Grant (CSBG) Loan Program

The CSBG Loan Program is administered jointly by the Illinois Department of Commerce and Economic Opportunity (DCEO), statewide Community Action Agencies (CAAs) and Illinois Ventures for Community Action (IVCA).  The Program provides long-term, fixed-rate financing to new or expanding small businesses in exchange for job creation and employment for low-income individuals. CSBG funds usually make up between 20-49% of the entire loan project and have a low interest rate of 5% to 7.5%.


Illinois Capital Access Program (CAP)

The Illinois Capital Access Program (CAP) is designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies. CAP is a form of loan portfolio insurance, which provides additional reserve coverage to the lender on loan defaults. By participating in CAP, lenders have available to them a proven financing mechanism to meet the needs of financial institutions and Illinois small businesses.


Illinois State Treasurers Office

The Illinois State Treasurer's Office offers programs that are designed to assist the Illinois business community by providing access to capital and financing at affordable rates in order to promote economic development activities that create and retain jobs within the state. 


Enterprise Zone Participation Loan Program (EZ/PLP)

The EZ/PLP is a variation of the conventional PLP Program, in that DCEO subordinates the loans through participating lending institutions, but  the EZ/PLP may be able to provide small businesses located in an enterprise zone a more attractive loan rate than a conventional PLP.


The Illinois Finance Authority (IFA)

The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, agriculture and local government units statewide. IFA finances about $3 billion each year, helping generate economic growth and job creation.


Manufacturing Modernization Loan Program

The Manufacturing Modernization Loan Program is designed to provide manufacturers with access to adequate and affordable financing for upgrading and modernizing their manufacturing equipment and operations.




Illinois Economic Development for a Growing Economy Program (EDGE)

Offers special tax incentives for companies to locate or expand their operations in Illinois. EDGE allows companies to reduce their costs of doing business compared to related costs in other states. Tax credits are available for qualifying businesses making capital investments and creating new jobs in Illinois.

PDF formatted EDGE flyer from DCEO



Illinois Enterprise Zone Program

Enterprise Zones stimulate economic growth and neighborhood revitalization at the local level through stateand local tax incentives and exemptions, regulatory relief and improved government services. They are available for businesses making investments to create or retain state xemption on retailers’ occupation tax paid on building materials, exemption on state utility tax for electricity, natural gas and ICC administrative charge, exemption on telecommunication excise tax, expanded state sales tax exemption on purchases of personal property for manufacturing or assembly process or operation of a pollution control facility.

PDF formatted EZ flyer from DCEO



Employer Training Investment Program (ETIP)

Assists Illinois companies in training their workforce to increase the productivity and competitiveness for Illinois businesses in the global economy. ETIP enhances job opportunities for employees in Illinois and keeps workers’ skills on pace with the latest technologies and business practices.

PDF formatted ETIP flyer from DCEO


Minority, Veteran, Women, and Disabled Participation Loan Program (MVWD/PLP)

The MVWD/PLP program is a variation of the conventional PLP, in that DCEO may  subordinates the loans through participating lending institutions, but the  MVWD/PLP program can provide Illinois small businesses that are 51 percent owned and managed by persons who are minorities, veterans, women, or disabled, with loans up to loans up to $50,000 or 50 % of the total project.



Illinois Small Business Tax Credit 2012

Expanded jobs creation program offers $2,500.00 as incentive for the creation of jobs.