• Financial Assistance

  • Financing a business can be the one thing stopping your dreams from becoming reality.  That's why LSRCC is here to help connect you with both traditional small business lenders and other organizations providing financial assistance. Browse through some of the small business resources below and check back often as resources are frequently updated.

     


  • SomerCor

    Small businesses can sample from a variety of loan options offered by Somercor, which also managers the Small Business Improvement FundSomerCor is also a member of Goldman Sachs' 10,000 Small Businesses Initiative, providing up to $250,000 to businesses that apply.  Proceeds can be spent on working capital, business purchases, equipment and inventory, construction, real estate, and more.

     

  • US Small Business Administration

    The SBA offers access to capital and counseling to businesses seeking government contracts - a great resource for veteran business owners.  View a full roster of services here.

     

  • The PrivateBank

    The Chicago Small Business Center is partnering with The PrivateBank to make no-fee, low-interest loans for local entrepreneurs who finish their free Start-Up Certificate Program.  The program gives entrepreneurs the fundamentals to start, operate, and grow a small business.  Participants complete a nine-workshop curriculum, all within six months of the first workshop.

     

  • Accion Financial

    Since 1991, Accion has made more than 3,300 small business loans totaling more than $27 million in Illinois and Northwest Indiana.  Accion also offers loans via the Chicago Microlending Institute ranging from $500 to $50,000 to business owners in need.

     

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