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LISC Small Business

Published: August 4, 2016

“There is no way I could expand and grow my business without the loan and support from LISC Small Business," said Ramona Thomas, who runs My Chocolate Soul, a a specialty chocolate maker in Chicago. "They are helping me reach my goals and fulfill my dream."

Gordon Walek

Small business success means stronger local economies, more jobs, and a better standard of living.  As a Community Development Financial Institution (CDFI), LISC offers financing to small businesses that might not qualify for traditional bank loans but still need capital to grow.  We are a nonprofit, mission-oriented lender committed to helping underserved businesses – including minority-, veteran-, and women-owned businesses, businesses in low-to-moderate income communities, and startups – access capital. 

We finance small businesses through three loan programs:

1.       Through the SBA Community Advantage program, we lend $50,000 to $250,000 to finance working capital, purchase inventory and equipment, refinance high-interest debt, buy an existing business, buy real estate, and make leasehold improvements. 

2.       For businesses interested in purchasing real estate up to $5 million in low-income communities, we finance 1st mortgages through the SBA 504 program.

3.       We partner with Kiva to make 0% interest loans to socially impactful entrepreneurs who need financing up to $10,000.

To learn more about our financing options, please visit the LISC Small Business website or contact our small business team.

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Local Initiatives Support Corporation Chicago connects neighborhoods to the resources they need to become stronger and healthier.

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