SSBCI Technical Assistance Grant – Loan TA Program

Funder: Illinois Department of Commerce and Economic Opportunity (DCEO)

Illinois Department of Commerce and Economic Opportunity
By attracting and supporting major job creators, investing in communities, strengthening Illinois’ world-class workforce, fostering innovation, and ushering in the new clean energy economy, DCEO works to fortify Illinois’ reputation as a global economic powerhouse while ensuring Illinois is the best state to live, work and do business.
State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) Grant Program – Loan TA Program – Region 4: North
The Illinois Department of Commerce and Economic Opportunity (the “Department” or “DCEO”) is issuing this Notice of Funding Opportunity (“NOFO”) to seek application proposals from qualified technical assistance providers to deliver assistance to businesses owned by socially and economically disadvantaged individuals (SEDI1) or very small businesses (VSBs2) participating in, or seeking assistance from the state’s State Small Business Credit Initiative (SSBCI) funded programs. The technical assistance providers will provide support to eligible beneficiaries of the SSBCI Technical (TA) Grant Program located in Region 4: North. Specifically, the Illinois SSBCI Technical Assistance Grant Program will be delivered via two programs: the Venture Capital TA Program and the Loan TA Program.
The primary focus of this NOFO is the Loan TA Program which will assist eligible small businesses in applying for SSBCI funding and other government small business programs. The Loan TA Program will prioritize services that promote equitable economic opportunities for participating businesses across the state by enhancing their awareness and readiness to apply for and acquire capital, in addition to fostering entrepreneurial growth, and enhancing financial and business management skills.
The Venture Capital TA Program will be offered via a separate NOFO.