SBDC Info Session: CCRPC’s Financing Programs

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SBDC Info Session: CCRPC’s Financing Programs

November 28 @ 9:00 AM - 10:00 AM

SBDC Info Session: CCRPC’s Financing Programs

The Champaign County Regional Planning Commission (CCRPC) offers financing for business start-ups, expansions, and economic development projects. Businesses and organizations throughout Champaign County and East Central Illinois may be eligible to apply for financing of up to 50% of a project cost. Financing terms are affordable, flexible, and vary by program.

The three programs:

  • Intermediary Relending Program (IRP): Loans for businesses, organizations, and governments in communities of less than 25,000 population in the East Central Illinois counties of Champaign, Douglas, Ford, Iroquois, Piatt, and Vermilion. Loans between $5,000 and $250,000; up to 49% percent of the total project cost. Eligible for working capital, machinery, equipment, real estate, rural government infrastructure projects, and many other uses.
  • Community Development Assistance Program (CDAP): Loans for businesses and organizations located anywhere in Champaign County. Loans between $5,000 and $1,000,000; up to 50% of the total project cost. Eligible for working capital, machinery, equipment, inventory, real estate, infrastructure projects, and many other uses.
  • Champaign County Community Development Corporation (CDC): Financing of businesses located anywhere in Champaign County and surrounding communities. Each CDC loan should be matched by member bank financing. Loans or equity investments; up to 50% of the total project cost. Eligible for working capital, machinery, equipment, real estate, and other uses.

Kathy Larson, CCRPC’s Economic Development Specialist, will provide an overview of the financing programs, including eligibility details and application requirements. A Q&A session will follow the presentation.

Date: Wednesday, November 28, 2018

Time: 9 – 10 AM

Location: Illinois Small Business Development Center at Champaign County EDC – 1817 S. Neil Street, Suite 100, Champaign, IL 61820

RSVP: Free to attend – registration required to secure a spot. Limited space available. RSVP online at cusbdc.org/events or call 217-378-8535. All materials will be provided.

RSVP

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Details

Date:
November 28
Time:
9:00 AM - 10:00 AM

Venue

Illinois Small Business Development Center at Champaign County EDC
1817 S. Neil Street, Suite 100
Champaign, IL 61820
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Phone:
217-378-8535
Website:
http://www.cusbdc.org