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SBDC Info Session: CCRPC’s Financing Programs – POSTPONED
May 2, 2018 @ 9:00 AM - 10:00 AM
This event is postponed. A new date and time will be announced soon.
SBDC Info Session: CCRPC’s Financing Programs
Celebrating National Small Business Week: April 29-May 5, 2018
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, May 2, 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 to email@example.com or call 217-378-8535. All materials will be provided.