Loan Programs
Many of the communities and counties within the TransPORT region feature additional Revolving Loan Funds (RLFs) for qualified companies locating within city limits.
Eligible projects generally include those that create or retain industrial, service, or retail employment. Often times these funds can be used for working capital, machinery, equipment, inventory, or real estate. For more information on RLF programs within the TransPORT region, contact TransPORT today!
| Federal Programs | |
| Program | Eligible Projects |
| SBA 504 Loan Program | Acquisition of machinery, equipment, real estate, land, construction or remodeling |
| EDA Funding | Public Works, Research, Technical Assistance, Economic Adjustment |
| FTZ #114 | Area considered outside the Customs territory of the U.S.A. Customs duties can be reduced, deferred or eliminated |
| State of Illinois Loan Programs | |
| Program | Eligible Projects |
| Participation Loan Program (DCEO) | Financial assistance to small business |
| Community Development Assistance Program (DCEO) | Finance infrastructure, public facilities, economic development |
| Illinois Capital Access Program(DCEO) | Loan insurance for small and new businesses that do not qualify under conventional lending policies |
| Participation Loan Program -Illinois Finance Authority (IFA) | Fixed-asset financing |
| Title IX Revolving Loan Fund (IFA) | Land, buildings and equipment for manufacturers |
| Industrial Revenue Bonds (IFA) | Land, buildings, equipment for manufacturing. |
| Local Government Bonds (IFA) | Double tax-exempt bonds for infrastructure, buildings & equipment. |
| Technology Development Bridge (IFA) | Seed-stage equity financing to small, high-technology companies. |
| Dept. of Transportation Economic Development Transportation Program (DCEO | Highway improvements for new/expanding industry, distribution, manufacturing companies. |
| IL State Treasurers Economic Program (STEP) | Create, expand or retain permanent jobs or demonstrate other economic benefit for the State. |
| 501 (c) 3 Not for Profit (IFF) | Real estate acquisition, renovation; equipment |
| Industrial Training Program | Grants to offset 50% new and existing workforce training |
| Port District Local Incentives | |
| Program | Eligible Projects |
| Peoria, Tazewell, Woodford, Fulton, Marshall, Mason Counties and some Municipalities  |
Typical community incentives include: Revolving Loan Funds, Enterprise Zones, Business Development Funds, Activity Bonds, Tax Increment Financing |
