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.

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

First Eagle

Contact: Magaly Arteaga, Community Development Associate
Phone: (312) 850-2900
Email: marteaga@febank.com

GN Bank (formerly Illinois Service Federal)

Contact:
Phone: (773)624.2000
Email:

IFF

IFF specializes in lending to not-for-profit organizations.

Contact: Torrence Moore, Managing Director of Lending
Phone: (312) 596-5132
Email: tmoore@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: Rosalinda Rivera, Vice President/Small Business Banking
Phone: (847) 920-3051
Email: rrivera@wintrust.com

 

Microfinance Loans of up to $100,000

Accion Chicago

Accion offers loans as small as $500 and up to $100,000

Contact: David Johnson, Community Lending Manager
Phone: (312) 924-2178
Email: djohnson@accionchicago.org

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

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

City of Chicago Small Business Improvement Fund Grant | City of Chicago Grants | SBIF | SomerCor

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.