It’s important that we follow recommendations from state and federal health officials and stay home as much as possible.

We are seeing cases of COVID-19 increase drastically as more testing becomes available. Do your part to prevent the spread and flatten the curve by staying home, and practice social distancing when you do essential activities, such as grocery shopping and picking up medications.

The latest number of cases and deaths can be found in the Chicago Sun-Times graph below:

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Participation Loan Program

The program assists Illinois businesses by offering a loan participation program in conjunction with their lender, with the IFA purchasing up to the lesser of $500,000, or a 50% participation in the loan, directly from the borrower’s lender.  Financing is available for businesses and industry that create or retain jobs in Illinois. Funds from the participation purchased by IFA must be used primarily for the acquisition of fixed assets.  Participating banks will originate, underwrite and service all loans.  IFA staff reviews bank’s analysis to assure it meets IFA standards. If the maturity exceeds 10 years, IFA requires a balloon payment at the end of 10 years.

Learn more and apply here: https://www.il-fa.com/programs/business

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Office Info

Chicago Office:
8233 S. Princeton
Chicago, IL 60620

P. 773.933.7715

Springfield Office:
627 State House
Springfield, IL 62706
P. 217.782.3201