SmallBusinessExecutiveInforming, Inspiring and Connecting Businesses
WBDC to offer micro loans to start-ups
The Women’s Business Development Center is offering microloans for start-ups and established small businesses based in Illinois. The loan program, which starts this month until funding runs out, was created in response to the credit crunch that has constrained small business development. Newly formed businesses can apply for loans up to $50,000, while the [...]
SBA loan gives Hyde Park animal clinic new life
When the Hyde Park Animal Clinic was forced to move after losing its longtime home in Harper Court following the mall’s sale to the University of Chicago several years ago, its owner, Dr. Thomas Wake, decided he needed a permanent space for his business. After obtaining tax-increment financing funds from the city to remodel a [...]
Micro-loans offered to Evanston businesses
The Evanston Community Development Corp. is offering a limited number of loans to Evanston-based small businesses seeking to improve and expand their operations. “The recession has hurt every business, ECDC Chairman Bill Logan said in a release to announce the initiative. “This new loan fund will help local firms to access the capital they need for [...]
