The City of Chicago's Small Business Loan Programs

Small Business Loan Program

Small businesses are the greatest source of new employment in Chicago and it is important that they remain financially sound. A small loan is often enough capital to support a company through difficult times, and can help retain jobs. The Small Business Loan Program provides the incentive for Chicago banks to make loans to support businesses without directly putting taxpayer dollars at risk.

Handout with more information on the Small Business Loan Program (50 KB)

View a listing of Participating Banks in our Small Business Loan Program.

Here is a list of the key elements lending institutions look for when considering small business loan applications. Review Checklist.

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 $150,000.

The City Treasurer is currently partnered with ACCION Chicago to deliver the Small Business Development Program funds. ACCION has been successful at moving these funds into the community.

Accion Chicago Fact Sheet (79 KB)

Accion Guidelines (17 KB)

Now Open for Submission

Request for Proposals for the City's Small Business Development Program (218 KB)

Economic Disclosure Statement and Affidavit (80 KB)

Economic Disclosure Statement and Affidavit Instructions (28 KB)

RFP Questions and Answers (187 KB)

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The City of Chicago's Small Business Loan Programs

Small Business Loan Program

Small Business Development Loan Program

Now Open for Submission