Advantage Illinois Webinars ~ October 20 & 21

This week two Advantage Illinois Webinars will be held, at no cost, to provide more details on the Illinois Advantage financing programs.  The webinar will be held on October 20^th at 1:00 PM (Central) and then repeated on October 21^st at 10:00 AM to give you two opportunities to sit in on this important session.  Please click on Advantage Illinois Webinars to sign up for one of these webinars. 
 
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Advantage Illinois - Program Announced By Governor Quinn
On Wednesday, October 5th the Governor launched Advantage Illinois, DCEO's enhanced portfolio of lending and venture capital programs to help small businesses gain much-needed access to capital:

1. Capital Access Program (CAP) assists businesses with various financing needs. It is designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies.
2. Participation Loan Program (PLP) supports businesses with projects that create or retain jobs and/or modernize their businesses to improve competitiveness. One component of the program is devoted to Minority/Women/Disabled/Veteran-Owned businesses (MWDV PLP). The state purchases and subordinates part of the loan to help mitigate lender risk.
3. Collateral Support Program (CSP) establishes savings accounts or CDs that provide cash collateral support to lending institutions to enhance the equity and/or loan collateral levels of small business borrowers.
4. Invest Illinois Venture Fund Program (IIVF) is a new venture capital program to support young, innovative companies in Illinois that show high growth potential, can demonstrate their place in the market and already have other investors.