Small Business Loans

Neighborhood Transformation Loan Fund

This loan program provides small businesses in the area’s low and moderate income communities with term loans and contract financing.

  • Loan amounts between $25,000 and $250,000
  • Terms Loans may be amortized for 1 to 7 years and Contract Financing may be amortized from 3 months up to 2 years
  • Competitive interest rates (between Prime +1 and Prime +5)
  • 2% Origination Fee
  • No Application Fee


  • Download Business Assessment Questionnaire.
  • Return questionnaire. You will receive a response within 48 hours.
  • A counselor will be assigned and an appointment will be set up to go over next steps.
  • If you score over 75 on the questionnaire, you will be invited to go directly to our application process. The application is 2 pages front and back and an executive summary is required to be submitted with the application. (The executive summary should include, business description, company background, market & strategy, management team, goals & objectives, capital requirements and detailed use of funds, risk/opportunity.)
    • In addition, you will need to submit financial statements for the last three years such as P&L, balance sheet, cash flow, tax returns and projections.
    • Once everything is submitted and signed off on, an internal review will take place and a determination will be made on whether the application will go to the independent loan committee, additional TA is needed or you need to be referred to CCV's SBDC or other resources.
    • The process is expected to take 2 to 4 weeks from the time everything is submitted and signed off on.
  • If you score less than 75, then you must complete one or more training modules before filling out an application. Your assigned counselor will assist you in the areas identified as needing TA.

Eligibility Requirements

  • Funds must be used for one of the following purposes: working capital; business or leasehold improvements; equipment/inventory; property acquisition; bridge loans; contract financing.
  • Companies must have a minimum of 6 months of revenue history.
  • Companies must be located in a low or moderate income area of Northern Illinois.
  • Loan proceeds cannot be used for tobacco production, hard liquor production, beer wholesaler, wineries, casinos or other gamble ventures, fur production, currency speculation, securities investments, speculative industries, pornography related industries or contractors/construction lending.


Download Business Assessment Questionnaire

Download NTLF Application

Print NTLF Application

Download NTLF Checklist

Contact CCV for more information

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