Champaign County Chamber Microloan Program

Affordable Financial Assistance for Entrepreneurs

Unlock your entrepreneurial dreams with the Champaign County Chamber Microloan Program, designed to empower disadvantaged entrepreneurs with affordable financial support and favorable terms.

Eligibility Made Simple

This loan program is open to all Champaign County entrepreneurs with a focus on minority and women-owned businesses. You only need a registered EIN, Illinois Secretary of State registration, and a completed one-page business plan/application. We prioritize your ability to repay over traditional credit scores and collateral.

Loan Amounts Tailored for You

Borrow up to $15,000 with flexible repayment terms spanning five years.

Low-Interest Rates for Your Success 

Our microloans feature interest rates not exceeding 3 percent. Choose automatic monthly repayment and enjoy a reduced interest rate of just 2.5 percent.

Supportive Application Process

Say goodbye to complex documentation. We value your character, reputation and business plan. In addition to money, our loan program will provide wrap-around business services to ensure your company's success.

Transparency

We're committed to transparency. You'll have access to clear loan terms, and our program's performance is open to the community while respecting borrower confidentiality.

Fairness and Non-Discrimination

We believe in fairness and equal opportunities for all. Our program is free from discrimination based on race, gender, religion, or national origin.

Learn More

Contact Laura Weis to learn more about the Champaign County Chamber Microloan Program at lauraw@champaigncounty.org or 217.359.1791. You can also find information at https://www.champaigncounty.org/business-counseling-services/.

Turning your entrepreneurial dreams into reality is made possible with funding from the Champaign County government.