Because of our agency relationship with the City of Chicago, SomerCor 504, Inc does not endorse any of these lenders, but has provided this list as a courtesy for applicants looking to finance their SBIF grant. Please consult several lenders when you are looking for financing.
Micro Finance – Loans of up to $25,000
Accion Chicago, (312) 275-3000, www.accionchicago.org
Priscilla Cordero, Senior Loan Officer, (312) 275-3000 ext 104, info@accionchicago.org
Nitika Nautiyal Chauhan, Senior Loan Officer, (312) 275-3000 ext 112, info@accionchicago.org
Bank Lenders
Banco Popular
Jan Goldstein, Business Banking Specialist, jgoldstein@bpop.com, (773) 205-3126
National City/PNC
Tom Bartkowski, AVP Business Banking, tom.bartkowski@nationalcity.com, (773) 358-8137
Harris Bank
Steven Lick, A.V.P and Branch Manager, steven.lick@harrisbank.com, (773) 384-8600 x 2222, 2196 N Elston Ave.
Illinois Service Federal Savings and Loan Association
William L. McKnight, Chief Lending Officer, wlmcknight@isfbank.com, (773) 624-2000 ext 317.
Service Federal is interested in lending on the S.E. Side of the City of Chicago.
Northside Community Federal Credit Union
Tom Laures, t.laures@northsidecommunityfcu.org, (773) 769-5800 ext. 225
Northside Community FCU will work with select SBIF grant recipients on Chicago’s North Side to provide financing up to $35,000.
First Eagle Bank
Faruk Daudbasic, (312) 850-9232.
First Eagle Bank has created a loan pool to provide front funding to select small businesses using the SBIF program. Applicants must be located in one of the following SBIF districts: Austin Commercial, Central West, Chicago/Central Park, Galewood Armitage, Humboldt Park, Kinzie Industrial Corridor, Madison/Austin, Midwest, Near West, North/Cicero, or Northwest Industrial Corridor. First Eagle will loan 100% of the SBIF grant up to $75,000.
