Regionalâ€”The Illinois Small Business Development Center (SBDC) at Waubonsee Community College and ACCION Chicago have partnered to launch a small business loan fund.
The SBDC at Waubonsee Community College has become a Remote Lending office for ACCION Chicago, furthering ACCION Chicagoâ€™s mission of ensuring that all deserving borrowers throughout Chicagoland are able to access the credit they need.
â€œMany small businesses in the … area lack access to bank financing,” said Harriet Parker, director of the SBDC at Waubonsee Community College. “This partnership will bring that much needed capital to this community.â€
Business owners seeking ACCION Chicago small business loans can now apply directly through the SBDC at Waubonsee Community Collegeâ€™s Remote Lending office, located at the college’s downtown Aurora campus, 5 E. Galena Boulevard. This local presence will allow ACCION Chicago to more easily reach area small business owners in need of business capital.
ACCION Chicago is a local nonprofit organization focused on providing technical assistance and small business loans to Chicago-area minority and low-to-moderate income small business owners. The organizationâ€™s unique lending methodology is not based on revenue, collateral or credit alone, but also on clientsâ€™ commitment to their businesses, as well as references from customers and suppliers. In the past 15 years, ACCION Chicago has disbursed more than 2,000 business loans totaling more than $16 million.
For more information visit the ACCION Chicago website at www.accionchicago.org.
For more information, visit www.waubonsee.edu/sbdc or call (630) 906-4143.