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Community Development Financial Institutions in Illinois
Learn More about CDFI's and Small Business Resources in Illinois see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
- Community Development Loan Funds
- Community Development Credit Unions
- Community Development Banks - Including Thrifts and Holding Companies
- Community Development Venture Capital Funds
SBDC | 
SCORE | 
WBC |
Other SBA Partner | 
CDFI
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Loan Fund
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
FBA Bancorp, Inc.
Chicago
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
International Bank of Chicago
Stone Park
Mutual Bank
Naperville
NAB Bank
Chicago
Nonprofit Financial Center
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
SBK New Markets Fund, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
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