CHICAGO – The U.S. Department of the Treasury announced that Illinois will receive up to $354.6 million to administer four programs as part of the State Small Business Credit Initiative. The expanded program will enable Illinois to support small businesses across the state – helping them expand or launch business operations. All of the new programs will launch in the coming months. Illinois’ four programs include the existing Advantage Illinois program, which provides favorable funding terms through loans; a new Advantage Illinois loan guarantee model, which will support businesses that have had difficulty receiving loans in the past; a new venture capital direct equity program that will support emerging technologies and industries; and a Climate Bank Finance program to issues loans to small businesses in the clean energy industry.
“Here in Illinois, we’re proud to take the lead through innovation in our small business community,” said Governor JB Pritzker.
Mon - Fri: 02:00 PM - 07:00 PM
