Central Illinois Region Loan Programs

Revolving Loan Funds
Eligible Projects
Peoria County Businesses that create/retain jobs
City of Chillicothe Businesses that create/retain industrial, service or retail jobs
Tazewell County Businesses that create/retain industrial, service or retail jobs
East Peoria Businesses that create/retain industrial, service or retail jobs
Village of Mackinaw Businesses that create/retain industrial, service or retail jobs
Woodford County Working capital, inventory, machinery/equipment, real estate
El Paso Working capital, inventory, machinery/equipment, real estate
Eureka Working capital, inventory, machinery/equipment, real estate
Metamora Working capital, inventory, machinery/equipment, real estate
Minonk Working capital, inventory, machinery/equipment, real estate
Heartland Community Development Corp.
Eligible Projects
Peoria, Tazewell, Woodford Counties Investments, business credit enhancement, affordable housing, venture capital, rural development, speculative building, and minority startups
Small Business Administration (SBA) Programs
Program Eligible Projects
SBA Micro Loans Working capital, inventory & equipment
SBA 504 Loan Acquisition of machinery, equipment, real estate, land, construction or remodeling
SBA 7(a) Loan Working capital, inventory, machinery, equipment, furniture and fixtures
Illinois Finance Authority (IFA)
Program Eligible Projects
Participation Loan Primarily fixed-asset projects
Rural Development Land purchase, facility construction, machinery
Title IX Revolving Loan Small and mid-sized manufacturers
Industrial Revenue Bonds Purchase of land, buildings and equipment
Solid Waste Disposal Revenue Bonds Tax-exempt bonds for land, facility, and equipment
501(c )3 Non-for-Profit Bonds Large capital improvement projects, purchases, rehabilitation, land, equipment, buildings
501(c )3 Not-for-Profit Leases Equipment, other fixed assets, capital improvement
City of Peoria
Eligible Projects
Business Development Fund Industrial, commercial and service projects
Activity Bonds Purchase of land, buildings and equipment for industrial projects