Main Local Economy Information in Illinois
Illinois' economy is driven by manufacturing, agriculture, and financial services. Chicago, as a major urban center, is a hub for financial services and commodities trading.
Your Illinois and Local Small Business Funding Guide
Illinois offers incentives such as grants, low-interest loans, and tax credits to small businesses. The state is particularly supportive of manufacturing and technology startups.
Small Businesses in Illinois
Small businesses constitute a large segment of the Illinois economy, with significant contributions from the services, retail, and manufacturing sectors.
Documents Needed to Get a Small Business Loan in Illinois
- Business plan with market analysis
- Financial statements and forecasts
- Proof of business registration and licensing
- Personal and business tax returns
- Credit reports
Illinois Department of Commerce: Key Functions and Contact Information
Website URL: Illinois Department of Commerce
Phone: [217-782-7500]
Address: 500 East Monroe, Springfield, IL 62701
Local Resources in Illinois
Illinois supports its small businesses with resources like the Illinois Small Business Development Centers and various state-funded programs aimed at innovation and expansion.
How to be Successful with Business Funding in Illinois
Effective business funding in Illinois often involves engaging with local business incubators and accelerators, especially in the tech and manufacturing sectors.
SBA Resources in Illinois
The SBA provides Illinois businesses with loan guarantees, disaster loans, and access to federal procurement opportunities, along with numerous training and outreach programs.