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

RCA Christmas Tree Giveaway

With the aid of Ada S. McKinley Community Services and their partnership with the Christmas Tree Ship Committee, RCA has a successful Christmas Tree Give-A-Way each year. Families throughout the Rosemoor community are chosen with the assistance of the churches who are always committed to helping to better it's congregation as well as the neighborhood: St. John de la Salle, Pullman Christian Reformed Church, Pullman Presbyterian Church, and Resurrection Church of Chicago. This could not be a success without the volunteers who make the trip to Navy Pier to retrieve the trees on behalf of RCA.

RCA Adult Christmas Party

Each year RCA closes out the year with a celebration in which the members of the Association and the members of the community have an opportunity to have fun and enjoy good food. There is always plenty of good music and good food. You may even be lucky enough to win a few prizes. We encourage all of our members to volunteer for at least one of the many events planned for the upcoming year and invite all to continue partnering with us to better our community.