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Technical and Management Assistance to Borrowers |
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Written by Administrator
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Tuesday, 12 September 2006 |
Community Express Loan Program:
To qualify for this program a business must meet the SBA's size standards and fall within specific geographic areas, usually low and moderate-income areas. This loan program is available through LaSalle Bank and Innovative Bank, the maximum loan amount is $250,000. LACC, an SBA approved provider of technical and management assistance, assists borrowers in the technical aspects of the loan process and provides management assistance for a period of one year following the loan closing. Greater Humboldt Park Micro Loan Program:  This program is a revolving loan fund involving the Federal Deposit Insurance Corporation (FDIC), Cole-Taylor Bank, Community Savings Bank, Harris Bank, LaSalle Bank, MB Financial Bank and Northern Trust Bank. This loan program is managed by Accion Chicago and the maximum loan amount is $35,000. LACC's principal function is to provide management and technical assistance to borrowers. To qualify for this loan program the business must be located within the Greater Humboldt Park Community Area.
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Last Updated ( Friday, 15 December 2006 )
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Assistance to Borrowers
