State Loan Programs

Illinois Development Finance Authority (IDFA) 
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
Micro-Loan Purchase fixed assets and inventory, working capital
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
  
Program Eligible Projects
Industrial Training (ITP) Grants to offset 50% of new and existing workforce training and retraining costs
Prairie State 2000 Authority Grants to offset 50% of existing workforce retraining costs
   
State Programs 
Program Eligible Projects
Participation Loan Program (DCCA) Financial assistance to small business
Business Development Public Infrastructure Expansion or relocation projects
Affordable Financing of Public Infrastructure Public infrastructure improvements
Environmental Remediation Tax Credit Businesses remediating sites accepted into the Illinois Site Remediation Program
Enterprise Zone Financial assistance to small businesses locating in Illinois Enterprise Zones
Community Action Agency Loan (DCCA) Business expansion and start-up which results in the hiring of low-income persons
Community Development Assistance Program Finance infrastructure public facilities, housing rehabilitation, economic development
IL Capital Access Program Loan insurance for small and new businesses that do not qualify under conventional lending policies
Dept. of Transportation Economic Development Transportation Program Reimbursement of qualified educational costs
State Treasurers Economic Program (STEP) Create, expand or retain permanent jobs or demonstrate other economic benefit for the State.

 
 

 
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