SBIF Lenders
Because of our agency relationship with the City of Chicago, SomerCor does not endorse any of these lenders, but has provided this list as a courtesy for applicants seeking financing to front fund their SBIF project prior to the disbursement of grant funds. Please consult several lenders when you are looking for financing.
Allies for Community Business (formerly Accion Chicago)
Allies for Community Business offers loans as small as $500 and up to $100,000
Contact: Yessenia Diaz De Leon, Associate Director of Community Business
Phone: (312) 924-2163
Email: ydiazdeleon@a4cb.org
Beverly Bank and Trust
Contact: Dante L. Mosely, Relationship Manager
Phone: (773) 753-9667
Email: dmosely@hydeparkbank.net
Chicago Community Loan Fund (CCLF)
Contact: Wendell Harris, Director of Lending Operations
Phone: 312-252-0427
Email: wharris@cclfchicago.org
Community Reinvestment Fund
Contact: Maureen McKenna, Senior Development Officer
Phone: (630) 452-4660
Email: maureen@crfusa.com
CIBC
Contact: Hussain Bhanpuri
Phone: (312) 564-2675
Email: hussain.bhanpuri@cibc.com
Contact: Sharnell Curtis-Martin
Phone: (773) 298-5904
Email: sharnell.curtismartin@cibc.com
Contact: Alberto Moreno (Habla Español)
Phone: (773) 347-7573
Email: Alberto.moreno@cibc.com
Chicago Neighborhood Initiatives Microfinance Group (CNIMFG)
A partner of the City of Chicago, CNI can lend up to $15,000 for start-up business and up to $50,000 for established businesses.
Contact: Erica King, President
Phone: (773) 341-2072
Email: eking@cnigroup.org
GN Bank (formerly Illinois Service Federal)
Contact:
Phone: (773) 624-2000
Email:
IFF
IFF specializes in lending to not-for-profit organizations.
Contact: Jocelyn Velazquez, Lender (she/her/hers)
Phone: (312) 596-5123
Email: jvelazquez@iff.org
Royal Savings Bank
Contact: Andrew Morua, Senior Vice President of Commercial Lending
Phone: 773-382-2112
Email: amorua@royal-bank.us
Wintrust Bank
Contact: Liz DeBoni, Business Lending VP/Lead
Phone: (847) 853-3588
Email: edeboni@wintrust.com
Contact: Steve Jang, Relationship Manager – Community Banking
Phone: (773) 267-2701
Email: sjang@wintrust.com
Contact: Rosalinda Silva-Dimpfl, VP/CRA Officer
Phone: (847) 920-3051
Email: rsilvadimpfl@wintrust.com
Women’s Business Development Center (WBDC)
WBDC provides services and programs to entrepreneurs at all stages of business development, with a focus on supporting and accelerating women’s business ownership. They also provide loans up to $75,000 and can be used for working capital, supplies, and equipment, in addition to property improvements.
Contact: Abigail Scanlan, Access to Capital Associate Director
Phone: (312) 853-3477
Email: ascanlan@wbdc.org
We are always happy to connect small businesses with relevant resources. If you would like to suggest a resource that is not listed here, please e-mail sbif@somercor.com.
