The City of Chicago's Small Business Loan Programs

Small Business Development Loan Program

The Small Business Development Program was launched by the Office of the City Treasurer in fall of 2009. The development funds are granted to community lenders for the use of making micro-loans below $50,000. If you are interested in applying for a loan please contact one of the partner lending institutions below.

 

ACCION Chicago 
1436 West Randolph St. Suite 300
Chicago, IL 60607
312-275-3000 
                                                                		 Chicago Community Loan Fund
29 E. Madison St. #1700
Chicago, IL60602
312-252-0440 
                                                             
North Side Community Federal Credit Union
1011 W. Lawrence Ave. 
Chicago, IL60640 
 Jennifer Sierecki: 773-769-5800

South Side Community Federal Credit Union
5401 S. Wentworth Ave.
Chicago, IL60609
773-548-5500

 The International Bank of Chicago
 5069 N. Broadway Ave. 
 Chicago, IL60640 
 773-769-2899
The JVS/ Duman Microenterprise Center
216 W. Jackson Blvd. Ste. 700
Chicago, IL60606
312-673-3429

 

Small Business Development Fund Brochure 

Small Business Development Fund Small Business Development Fund (696 KB)

SBA lenders

On September 27, 2010, President Obama signed the Small Business Jobs Act of 2010 (the “Small Business Jobs Act”).  The Small Business Jobs Act makes significant changes to the amounts that a small business may borrow through the 7(a) loan program, increasing the overall 7(a) loan limit from $2 million to $5 million.

SBA Lenders SBA Lenders (15 KB)

 

Grants