Financial Assistance

If you need assistance email us to make a virtual appointment at helpdesk@rpba.org or call us at 773-508-5885.

Loans

Federal
State
Corporations/Nonprofits
  • Allies for Community Business Small Business Loans: Apply for a small business loan at a special, discounted 3% interest rate. They offer term loans and lines of credit from $500 to $100,000 to businesses located in Illinois and Indiana. Refinances do not qualify and all applications are subject to A4CB standard underwriting and application review. More information here.
  • CIBC Entrepreneur Loan Program: The program supports startup or early-stage small businesses that have completed a CIBC-approved entrepreneur training program with important working capital. More information here.

Grants

Federal
State
  • Early Childhood Grant Program: Public school districts and nonprofit entities of early childhood centers may apply. Funding is being released in two rounds; $60 million will be awarded in the late fall of 2022, and the remaining $40 million at a date to be decided. Grant recipients are required to provide matching funds of between 3% and 10% based on ISBE Tier level for the local elementary school district. The deadline to apply is October 10, 2022. More information here.
City
  • Chicago Recovery Grant for Community Development – The City of Chicago’s Department of Planning and Development is accepting applications for grant funding to support local commercial, mixed-use, and light manufacturing development. All are welcome to apply. City staff will prioritize projects in areas of Chicago where there is a history of disinvestment or limited private investment. Grant amounts ranging from $250,000 up to $5,000,000 are available. Applications are being accepted on a rolling basis with a final deadline of August 19, 2022. More information here.
Corporations/Nonprofits
  • Chicago Restaurant Workers Relief Fund: The Southern Smoke Foundation created this grant fund to help Chicago restaurant, bar and coffee shop workers who are experiencing hardship from the COVID-19 crisis. The fund provides emergency relief grants based on need. More information here.
  • Comcast RISE Program: Comcast RISE, is a multi-year commitment to providing marketing, creative, media and technology services to small businesses owned by people of color or women. The application deadline is Friday, October 14, 2022. More information here.
  • ComEd Small Business Assistance Program: The Small Business Assistance Program provides eligible small business customers, with a one-time grant of up to $1,000 towards a past due balance, once every 12 months. Eligible customers may also place a remaining balance into a payment plan of up to six months. More information here.
  • DishRoulette Kitchen 2 Kitchen Grant: $1,000 grant for minority-owned restaurants in the Chicagoland area. For more information visit here. Applications can be made in English or Spanish. Open to undocumented business owners. Rounds close at the end of each month at 11:59 p.m. If you are not selected for the grant, then your application is automatically rolled over for the next month of grant funding.
  • Entrepreneurial Spirit Award: The Award is granted to an individual or a company that has demonstrated the following:
      • Vision, Knowledge, Courage and Tenacity (Vision: forward view and goal-setting that is realistic and achievable; Knowledge: Industry-specific to help move forward; Courage: the ability to work against adversity; Tenacity: sustaining and persistent to achieve success for all)
      • Determination to succeed amidst challenges
      • Leverage of resources (creating something from nothing)
      • How the nominee has helped or helps others along the way
  • Fearless Strivers Grant: Black woman-owned businesses may apply. The deadline varies. More information here.
  • I Fund Women Grants (multiple): IFundWomen is the go-to funding marketplace for women-owned businesses and the people who want to support them with access to capital, coaching, and connections. They have a wide variety of grants available to their members, from their monthly “pay-it-forward” grants to those from their generous partners like Adidas, Unilever, Visa, Barbara Corcoran & Systane, GingerBread Capital and more. More information here.
  • Job Creators Quest Grants: Open to all business owners. The deadline to apply is February 4, 2023. More information here.
  • Illinois Restaurant Association Educational Scholarship & Grant Application: One-time grants of $500 are available for employees of restaurants. Apply here.
  • Restaurant Disaster Relief Fund: To help restaurants recover in times of critical need, DoorDash has partnered with Hello Alice and the Global Entrepreneurship Network to create the Restaurant Disaster Relief Fund. The fund supports restaurants impacted by natural disasters like fires, floods and hurricanes, and provides relief through $10,000 grants. The application deadline is September 30, 2022. More information here.
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