Additional Incentives

Bi-State Regional Commission offers a Revolving Loan Fund (RLF) Program to provide gap financing for business startups or expansions that create or retain jobs. The RLF program targets businesses that cannot obtain full financing because of conventional interest rates and lending/exposure limits applied by local lending institutions. It is intended to provide the funds that complete the financial package by financing the "gap" created by these conditions. The program offers low interest loans to industrial, commercial, light manufacturing, retail and service industries for expansion and development purposes. Funds can be used towards the purchase of fixed assets (land, building, and equipment) and for working capital purposes. The loan is tied to job creation/retention with loan terms of $7,500 per job (additional dollars per job may be considered with high paying job offering generous benefit packages).

For more information or to get an application from Bi-State, please click here.

In addition, the State of Illinois offers grants and loans. Information on these programs is available through the Department of Commerce & Economic Opportunity. Click here for more information.