Advantage Illinois (Participation Loan Program / Loan Guarantee Program)
Illinois Department of Commerce and Economic Opportunity (DCEO) · State
A state credit-enhancement program, funded through the federal State Small Business Credit Initiative, in which Illinois purchases a participation in a bank loan or guarantees a portion of it so private lenders are more willing to finance small businesses with a financing gap.
What this program’s published criteria check
Requirements the program publishes
- For IL small businesses.
Who it covers
Businesses in Illinois
Funding range
$10,000 – $2,000,000
Deadline
No published deadline — confirm the current round on the official source
Application cost
The official application is free.
Official source
Always apply through the funder directly. FundBridge Navigator never submits on your behalf.
https://dceo.illinois.gov/smallbizassistance/advantageillinois.htmlInformation last verified July 23, 2026.
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Program criteria, amounts and deadlines change. Always confirm the current details on the official source above before applying. FundBridge Navigator LLC is independent and privately operated — we are not a government agency and are not affiliated with any government agency, and we are not affiliated with, endorsed by, or sponsored by Advantage Illinois (Participation Loan Program / Loan Guarantee Program) or its provider. We do not decide who receives funding and no outcome is promised.