Rockford 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.
Municipal Revolving Loans
Companies that are creating new jobs and/or expanding within Winnebago County are eligible for low-interest loans through local programs.
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
- the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.
Illinois 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.