Specialized Loans

Specialized financing programs are available to help businesses expand operations while also contributing to community economic development.

MB helps business owners navigate these unique financing programs and provide insight and advice for their new projects.

Industrial Revenue Bond (IRB)*

An IRB is a tax-exempt loan issued through a state or local government program to support private manufacturing companies.  IRBs can be used to finance manufacturing projects, including new equipment, new facility construction, and expansion or acquisition of an existing facility.

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SBA 504 Loan

Small and mid-sized for-profit businesses may be eligible for a SBA 504 loan guaranteed by the U.S. Small Business Administration. Projects that promote economic development, including the purchase, construction, or improvement of real estate and/or equipment, may qualify.

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New Markets Tax Credit (NMTC Program)

Businesses located within an area defined by U.S. census boundaries as underserved or economically distressed may receive funds for projects that stimulate private investment and employment.  

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DCEO Advantage Illinois Participation Loan Program

Illinois businesses that want to obtain medium to long-term financing for business expansion and growth may be eligible for term loans at below-market, fixed interest rates.

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