Please contact our office for more information about the loan possibilities for your business by calling (312) 814-8953 or e-mailing employillinois@treasurer.state.il.us.

Amounts and Terms:

• Borrowers can receive loans for up to $1 million.
• The below-market interest rate is available for two years with the possibility of a three-year extension.
• The Treasurer's Office may require a site visit prior to approval.

Interest Rates:

• Interest rates are listed daily here or you may contact our office at (217) 782-2072.
• The listed rates are posted to give potential borrowers an indication of current rate figures. The final deposit rate is determined on the business day prior to issuing the loan.

Program Eligibility:

• To qualify as a small business, gross annual receipts must be $3 million or less, or $5 million or less for businesses in low-income census tracts.
• The applicant must provide a brief explanation as to why conventional loan financing is not adequate and why an Employ Illinois loan is necessary.

How to Apply:

If you have questions or need more information, e-mail employillinois@treasurer.state.il.us or call (312) 814-8953.

Program History:

• The Treasurer’s Office began offering its business loan program in 1998. Almost $175 million
  has been deposited since inception, reflecting 200 projects and 13,000 new jobs in Illinois.