Discovery tool, not advice. Every figure is the published rule, not a decision on your case.

Loans

Advantage Illinois

Status

Open continuously

No deadline — apply whenever you are ready.

Always open

Amount

Not published

Credit enhancement programmes delivered with private lenders: the Participation Loan Program (state buys down part of a bank loan), the Capital Access Program (loan loss reserve) and loan guarantees. Individual amounts are set by the participating lender within state caps.

Funder

Illinois Department of Commerce and Economic Opportunity (DCEO)

public · regional

Deadline: rolling

Your odds

Not published

This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.

Effort

quick

Quick — mostly identity and bank details.

Who can apply

small enterprises
Stage: seed, growth
Locally registered entity required

Illinois-based small businesses; job creation or retention commitments apply to the Participation Loan Program.

How to apply

Apply to a participating Illinois lender
Ask the lender to enrol the loan in the relevant Advantage Illinois programme

Apply on the funder's site

Source. https://dceo.illinois.gov/smallbizassistance/advantageillinois.html — checked 2026-08-14 · not human-checked