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BEGIN:VEVENT
DTSTART:20231025T170000Z
DTEND:20231025T180000Z
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SUMMARY:Advantage Illinois Participation Loan Program
DESCRIPTION:The Turner Center for Entrepreneurship and Illinois Small Business Development Center (SBDC) at Bradley University invite you to a webinar on "Advantage Illinois" which is a participation loan program that helps Illinois businesses get term loan financing at lower rates.  Advantage Illinois may fill the gaps that prevent businesses from obtaining financing.  Administered by the Illinois Department of Economic Opportunity and delivered via pre-approved Illinois lending institutions\, the goal of Advantage Illinois is to help businesses grow\, expand\, and create new jobs at a faster rate.\n\n \n\nAs part of the State's commitment to equitably support small businesses\, the Illinois Department of Commerce & Economic Opportunity (DCEO) will leverage outreach partners that focus on engaging historically underrepresented populations who have faced significant barriers accessing capital. The U.S. Department of the Treasury's SSBCI guidance formally defines those groups as: Socially and Economically Disadvantaged Individuals (SEDI) and very small businesses\, or businesses with fewer than 10 employees. \n\n \n\nTopic points:\n\nChallenges Small Business Owners face obtaining financing\n\nDCEO's Advantage Illinois program history and success\n\nWhat can the money be used for?\n\nWho qualifies?\n\nWhat are limits and rates?\n\nHow does the process work and what is required?\n\nApplication and vetting process.\n\nTypical Underwriting / Approval timeline and expectations.\n\nLayering Advantage Illinois with other programs.\n\n \n\nAttendees will learn how the program works\, learn how to find approved lenders\, and discover the eligibility requirements to qualify for Advantage Illinois financing.\n\n \n\nSpeakers:\n\n \n\nRobert Owens\, has over twenty years success in developing small businesses.  He successfully started his own financial services business and has assisted professionals throughout the country start or expand their own firms.  Robert is a Business Development Specialist with the Department of Commerce and Economic Opportunity assisting Small Businesses throughout the State of Illinois in obtaining financing to start up or expand their businesses.  \n\n \n\nNick Esser is the SVP Commercial Credit Officer with Fortress Bank in Peoria. Nick has been in commercial banking for the last 22 years in Peoria and has worked with a multitude of small to medium sized businesses over that period at various stages in the business life cycle\, from startups to second generation transitions and across various sectors\, professional services\, retail\, and manufacturing.  Nick is currently the point person for Advantage Illinois at Fortress Bank.\n\n\n\n \n\nCo-Sponsors:  Minority Business Development Center and Hispanic Chamber of Commerce\n\n \n\nRegistration information will be shared with training partners
X-ALT-DESC;FMTTYPE=text/html:<span style="color:#222222"><span style="font-family:times new roman\,serif">The Turner Center for Entrepreneurship and Illinois Small Business Development Center (SBDC) at Bradley University invite you to a webinar on &ldquo\;Advantage Illinois&rdquo\; which is a participation loan program that helps Illinois businesses get term loan financing at lower rates.&nbsp\; Advantage Illinois may fill the gaps that prevent businesses from obtaining financing.&nbsp\; Administered by the Illinois Department of Economic Opportunity and delivered via pre-approved Illinois lending institutions\, the goal of Advantage Illinois is to help businesses grow\, expand\, and create new jobs at a faster rate.</span></span><br />\n&nbsp\;<br />\n<em><span style="color:#000E14"><span style="font-family:times new roman\,serif">As part of the State&rsquo\;s commitment to equitably support small businesses\, the Illinois Department of Commerce &amp\; Economic Opportunity (DCEO) will leverage outreach partners that focus on engaging historically underrepresented populations who have faced significant barriers accessing capital. The U.S. Department of the Treasury&rsquo\;s SSBCI guidance formally defines those groups as: Socially and Economically Disadvantaged Individuals (SEDI) and very small businesses\, or businesses with fewer than 10 employees.&nbsp\;</span></span></em><br />\n&nbsp\;<br />\n<strong><span style="color:#222222"><span style="font-family:times new roman\,serif">Topic points</span></span></strong>:<br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Challenges Small Business Owners face obtaining financing</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">DCEO&rsquo\;s Advantage Illinois program history and success</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">What can the money be used for?</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Who qualifies?</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">What are limits and rates?</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">How does the process work and what is required?</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Application and vetting process.</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Typical Underwriting / Approval timeline and expectations.</span></span><br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Layering Advantage Illinois with other programs.</span></span><br />\n&nbsp\;<br />\n<span style="color:#222222"><span style="font-family:times new roman\,serif">Attendees will learn how the program works\, learn how to find approved lenders\, and discover the eligibility requirements to qualify for Advantage Illinois financing.</span></span><br />\n&nbsp\;<br />\n<strong><span style="color:#222222"><span style="font-family:times new roman\,serif">Speakers</span></span></strong><span style="color:#222222"><span style="font-family:times new roman\,serif">:</span></span><br />\n&nbsp\;<br />\n<strong><span style="font-family:times new roman\,serif">Robert Owens</span></strong><span style="font-family:times new roman\,serif">\, has over twenty years success in developing small businesses.&nbsp\; He successfully started his own financial services business and has assisted professionals throughout the country start or expand their own firms.&nbsp\; Robert is a Business Development Specialist with the Department of Commerce and Economic Opportunity assisting Small Businesses throughout the State of Illinois in obtaining financing to start up or expand their businesses.&nbsp\; </span><br />\n&nbsp\;<br />\n<strong><span style="font-family:times new roman\,serif">Nick Esser</span></strong><span style="font-family:times new roman\,serif"> is the SVP Commercial Credit Officer with Fortress Bank in Peoria. Nick has been in commercial banking for the last 22 years in Peoria and has worked with a multitude of small to medium sized businesses over that period at various stages in the business life cycle\, from startups to second generation transitions and across various sectors\, professional services\, retail\, and manufacturing.&nbsp\; Nick is currently the point person for Advantage Illinois at Fortress Bank.</span><br />\n<br />\n&nbsp\;<br />\n<span style="font-family:times new roman\,serif">Co-Sponsors: &nbsp\;Minority Business Development Center and Hispanic Chamber of Commerce</span><br />\n&nbsp\;<br />\n<span style="font-family:times new roman\,serif">Registration information will be shared with training partners</span>
LOCATION:Webinar https://bit.ly/AILoct252023
UID:e.526.7297
SEQUENCE:3
DTSTAMP:20260422T064604Z
URL:https://business.epcc.org/events/details/advantage-illinois-participation-loan-program-7297
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