Agency City of Marengo, IL
Program Description The City of Marengo has a Revolving Loan Fund to provide financial assistance to new or expanding businesses; to help develop a stronger economic base; and to expand job opportunities, thus securing public benefit for all residents of Marengo.
Funding Range $30,000 – $150,000 or up to 45% of project costs
Eligibility Any existing business that is located in the City of Marengo or any new business locating to the City of Marengo that create net new jobs or retain existing jobs.
McHenry County Micro Loan Fund
Agency County of McHenry, IL
Program Description Funds can be used for a wide variety of purposes including: building expansion or renovation, leasehold improvements, moving costs, purchase of new or used machinery or equipment, inventory, and working capital. Projects of a purely speculative nature are not eligible for funding.
Funding Range $5,000 – $25,000
Eligibility Any new or expanding business located in McHenry County with a completed business plan.
McHenry County Revolving Loan Fund
Agency County of McHerny, IL
Program Description Funds can be borrowed to purchase a new facility or buy new equipment. The loan must be supported by collateral.
Funding Range Up to $200,000 or 45% of project costs
Eligibility All McHenry County Businesses.