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Illinois Advantage Illinois P2 Capital Program

Illinois Department of Commerce and Economic Opportunity (DCEO)IL-ADV-P2
Max per Applicant

$500K

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Illinois

About This Program

Loan participations and credit enhancements for Illinois small businesses and lenders. DCEO participates in up to 25% of bank loans ($25,000–$500,000) at below-market rates, reducing lender risk and unlocking credit for small businesses creating jobs.

Key Requirements & Eligibility

  • 1Illinois-based small business (under 500 employees)
  • 2Loan: $25,000–$500,000
  • 3State participates in up to 25% of total loan at 0–3% interest
  • 4Must create or retain at least 1 full-time job per $35,000 in state participation
  • 5Business must demonstrate creditworthiness through participating bank

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

Small BusinessManufacturingRetailTechnology
Official Source