Flexible Financing

Rockford Local Development CorporationRockford Local Development Corporation (RLDC) & Small Business Administration 504 Loan Program

Financing available in 10 years for machinery, and 20 years for real-estate. 90% maximum financing available (up to 100% in select cases with RLDC loan program assistance) Rates as low as 5.75%, fixed for the life of the loan. Financing on fixed assets only.  

Winnebago County IllinoisMunicipal Revolving Loans

Companies that are creating new jobs and/or expanding within Winnebago County are eligible for low-interest loans through local programs.

Department of Commerce and Economic OpportunityAdvantage Illinois

Advantage Illinois consists of two programs to spur institutional lending to small businesses and one program to leverage private venture capital in start-ups and high-growth businesses:

  • The Capital Access Program
  • Participation Loan Program
  • Invest Illinois Venture Fund

Funding from these programs can be used for many business purposes, including, but not limited to:

  •     start-up costs
  •     working capital
  •     business procurement
  •     franchise fees
  •     equipment
  •     inventory
  •     the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment  purposes.

Illinois Finance AuthorityIllinois Finance Authority (IFA)

Illinois Finance Authority’s lower-interest rate financing programs are aimed at helping Illinois-based businesses and industries thrive through assistance with fixed asset purchases and capital financing needs such as new equipment, upgrades, or expansion of your business.