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Illinois
Low-Interest Loan
Rolling
Advantage Illinois (Participation Loan Program)
Illinois Department of Commerce and Economic Opportunity (DCEO)
Funding Amount
Loan sizes range $10,000–$2,000,000 based on job creation/retention, project size, and risk assessment. Funded through the federal State Small Business Credit Initiative (SSBCI).
State participates in a portion of a bank loan to reduce lender risk — businesses apply through a participating lender, not directly to DCEO
Eligibility
Fewer than 750 employees, operating in Illinois, in good standing with the Secretary of State, clear of back taxes, no bankruptcies/judgments/liens in the last 5 years, and demonstrating difficulty obtaining financing through normal means.
Source & Verification
Source 1: https://dceo.illinois.gov/smallbizassistance/advantageillinois.html (accessed 2026-08-02)
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