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Financial Assistance for Area Businesses

Planning to start or expand your small business? We’re ready to help you cross the threshold. The South Central Illinois Regional Planning and Development Commission has worked with area lenders to provide below-market, fixed-rate business development financing since 1992. We offer a range of financing alternatives to qualifying new or expanding firms.

Rural Business Initiative (RBI)

  • Commercial or Industrial
  • Suitable for Fixed Assets, Expansions, Inventory and Working Capital
  • 3.75% Interest Rate
  • Up to 10-Year Term*
  • $25,000 Available per Job Created/Retained
  • Funds the Lesser of 75% of a project or $250,000
  • Available to Businesses in Clay, Effingham, Fayette, Jasper and Marion Counties

Click Here for RBI Loan Program Info

Click Here for IRP Application Agreement

Title IX Revolving Loan Fund

  • Industrial and High-Tech Initiative
  • Fixed Assets Focus
  • 3.25% Interest Rate
  • Up to 10-Year Term*
  • $20,000 Available per Job Created/Retained
  • Funds the Lesser of 33% of a project or $200,000
  • Available to Businesses in Clay, Effingham, Fayette, Jasper and Marion Counties

*10-year balloon with option to refinance for 5 more years.

Click Here for Title IX Loan Program Info

Click Here for Title IX Application Agreement

CDC-504 Loan Program

  • Commercial or Industrial
  • Fixed Assets Only
  • 10- or 20-Year Terms
  • $65,000 Available per Job Created/Retained
  • Funds up to 40% of Fixed Assets or $2,000,000
  • Loan Assistance Provided Statewide
  • Conventional Loan Refinancing Available

Click Here for CDC-504 Loan Program Info

Click Here to Apply

Would you like to discuss your lending options with us? Contact James Patrick, Executive Director (618) 548-4234.