CSBG Business Loan – Regional Planning Commission

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Quick Reference

Areas Served: Champaign county, Illinois

The Champaign County Regional Planning Commission (RPC) provides Community Services Block Grant funding for stimulating the expansion and retention of businesses in Champaign County, Illinois.

Uses: Working Capital, Machinery & Equipment, Land and Building, Rate: Prime +/- 2% with 1% loan origination fee Structure: Up to 49% of project cost Amount: Up to $150,000 Term: Usually 5—10 years contingent upon collateral and use of CSBG funds invested Employment: One full-time equivalent job for every $20,000 of CSBG funds invested Collateral: Senior position preferred on identifiable assets Location: Within Champaign County

Contact Information
Regional Planning Commission
Address: 1776 East Washington Street
City: Urbana
State: Illinois

Website: http://www.ccrpc.org/economic/businessloans.php

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