Spark Good Local Grants

Resource Type

Grant

Deadline

Rolling Quarterly - Aug 1, 2025

Provider

Walmart

Description

Walmart believes that strengthening local communities creates value for business as well as society. Each year, Walmart U.S. stores, Sam’s Clubs and Distribution Centers award local cash grants ranging from $250 to $5000. These local grants are designed to address the unique needs of the communities where we operate.

Applicant Type

General For Profit Non Profit 

Eligibility

• Must have Spark Good account and verified by Deed
• Locally and directly benefiting area of award designation\
• Eligible organization

• Non profit
• Government Entity
• School

Approved Use of Funds

There are no requirements for the use of funds

Amount

$250-$5,000

Application Link

Spark Good Local Grants

Truist Foundation Grant

Resource Type

GrantSupplemental Resource

Deadline

Cycle 1: March 31, 2026, at 5:00 pm CT

Cycle 2: July 31, 2026, at 5:00 pm CT

Cycle 3: November 30, 2026, at 5:00 pm CT

Provider

Truist Foundation

Description

Truist supports nonprofit organizations that serve critical needs in their communities by partnering directly with nonprofit organizations that support wealth building for historically excluded communities, its goal is to help make a meaningful difference in the lives of those they serve.

Applicant Type

Non Profit 

Eligibility

• Grants may be approved for organizations classified as 509(a)(1) or 509(a)(2) public charities under Section 501(c)(3) of the Internal Revenue Code.
• Must align with Truist Foundation’s values and have value and impact to the community it serves..

Approved Use of Funds

New program launch, a curriculum to expand or strengthen a       program, equipment to deliver a program, and capital needs.

Amount

Minimum $5,000+

Application Link

Truist Foundation Grant

Amber Grant

Resource Type

Grant

Deadline

Grants Awarded on A Monthly Basis

Upcoming deadline: July 31st, 2025

Provider

WomensNet

Description

Every month, three grantees are rewarded with a $10,000 Amber Grant. Of the  36 monthly winners, three get an additional $25,000 Year-End Amber Grant.

Applicant Type

For Profit 

Eligibility

• To qualify, businesses must be at least 50% women-owned and based in the U.S. or Canada.
• To be considered for monthly Amber grants, you only need to fill out one application.
• Must be 18 years or older

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$10,000 - $25,000

Application Link

Application link for Amber Grants

Amplifier Grant

Resource Type

Grant

Deadline

Grants will be awarded on a seasonal basis with specific dates per season. Winter (December 31st), Spring (March 31st), Summer (June 30th), and Fall (September 30th)

Provider

The Outrage Powered by Shopify

Description

The Amplifier Grant is a fund by The Outrage accepting applications on a rolling basis with at least $5,000 in funds awarded on a seasonal basis. The Amplifier Grant was set up with one goal in mind: to get funds in the hands of people trying to make the world a better place.

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be in the United States.
• Must be geared towards making the world better.
• All entities ranging from high school projects, grassroots organizations, nonprofits, startups, businesses, and more are encouraged to apply.

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

Min: $5,000

Application Link

Application fee of $15 to apply Amplifier Grant Application Link 

Hello Alice Grant

Resource Type

LoanGrantFunders

Deadline

Rolling

Provider

Hello Alice

Description

From a grant to jazz up your online storefront to a loan to help you stock up on inventory, the Small Business Funding Center connects you with the capital and business resources you need to launch and grow your small business.

Applicant Type

For Profit General 

Eligibility

• Businesses are located and registered in the US (Puerto Rico and DC)
• Have less than $1,000,000 in their 2024 gross annual revenue
• Demonstrate a commitment to their customers
• Have a clear plan for the funds

Approved Use of Funds

Funds must be allocated to the project you need the money for

Amount

$250,000

Application Link

Hello Alice Grant/Loan Application you must make an account

National Association for the Self-Employed (NASE) Growth Grant

Resource Type

Grant

Deadline

Grants awarded on a quarterly basis

Provider

National Association for the Self-Employed (NASE)

Description

The NASE Growth Grants program provides up to $4,000 for small businesses. Funds can be used for marketing, part-time help, computer equipment/software, repairs, website creation, office equipment/furniture, tradeshow/conference attendance, training and more!

Applicant Type

For Profit Individual 

Eligibility

• To be eligible, you must be a NASE member
• Membership in good standing.

Approved Use of Funds

The use of funds must be consistent with written statements of grant use. Recipients must maintain records showing use of the money. The funds may not be used to pay off debts.

Amount

Up to $4,000

Application Link

NASE Growth Grant

Racial Equity & Capital Fund (RECF)

Resource Type

GrantFundersLoan

Deadline

November 15, 2025

Provider

Exelon Foundation

Description

Expand access to capital to minority businesses so they can create more jobs, grow their companies, and reinvest in their neighborhoods and communities.

Applicant Type

For Profit 

Eligibility

• Face challenges in securing financing or getting access to capital; and
• Are located in and/or have a positive impact on historically disenfranchised or socio-economically disadvantaged communities in Exelon’s service areas, including, without limitation, through growing local businesses, creating and retaining jobs, and creating opportunities in areas such as affordable housing, education and healthcare.

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$100,000 and $600,000 Loans and Equity Investments of nearly $1 million.

Application Link

Racial Equity Capital Fund Application Link

HerRISE Microgrants

Resource Type

GrantSupplemental Resource

Deadline

Monthly Rolling Application Due at 11:59pm

Provider

Her Suite Spot

Description

HerSuiteSpot is a digital platform and membership community providing business training and business coaching to women of color founders, startups, side hustlers and small business owners that enables them develop their business plans, build their brands, reach their goals, increase their revenue and get access to funding.

Applicant Type

Non Profit For Profit General 

Eligibility

• 51% owned by Women of Color
• Currently registered in the US
• Less than 1 million in gross revenue

Approved Use of Funds

General business expenses and investments

Amount

$1000

Application Link

$15 application fee - HerRise Grant Application Link

StartHER Preseed Funding

Resource Type

Funders

Deadline

Rolling

Provider

StartHER

Description

Peanut founded in 2017 has one mission: to help women foster meaningful connectionsStartHER challenges the biases in venture capital and provides access to the elusive ‘friends and family’ round 

Applicant Type

Non Profit General 

Eligibility

• Early stage or preseed business

• Positive impact mission

• Unrepresented by venture capital

Approved Use of Funds

Funding is approved for general operating, start-up costs, or project expenses.

Amount

Up to $50,000

Application Link

Peanut StartHER Grant

Brown Girl Jane - Shea Moisture Grant

Resource Type

GrantFunders

Deadline

Applications open in fall

Provider

Shea Moisture

Description

The SheaMoisture Fund, composed of purpose programs and grants, is solely powered by SheaMoisture purchases. There are 4 different types of grants.

Applicant Type

For Profit Non Profit 

Eligibility

• Black and woman-owned beauty or wellness businesses.
• Registered and based in the U.S in operation for at least one year.

Approved Use of Funds

Business development services, retail distribution support, General business costs, community development.

Amount

 $10,000 - $25,000

Application Link

Shea Moisture Grants

The Freed Fellowship Grant

Resource Type

GrantSupplemental Resource

Deadline

Monthly Rolling

Provider

The Freed Fellowship

Description

The Freed Fellowship helps small business owners get the resources, mentorship, and community they need to build successful companies that make an impact.

Applicant Type

Non Profit For Profit 

Eligibility

• Context - Why is the market in your favor?
• Content - What's your compelling core narrative?
• Community - Have you found or created a community?
• Chemistry - Have you found your special sauce?
• Commerce - How do you make money?

Approved Use of Funds

General business expenditures

Amount

$500 - $2,500

Application Link

Freed Fellowship Grant

The Awesome Foundation Grant

Resource Type

Grant

Deadline

Rolling Monthly

Provider

The Awesome Foundation

Description

The Awesome Foundation is a global community advancing the interest of awesome, $1000 at a time. Every chapter interprets "awesome" for itself. As such, awesome projects include initiatives in a wide range of areas including arts, technology, community development, and more. Many ‘awesome’ projects are novel or experimental, and evoke surprise and delight. Awesome, sometimes challenges and often inspires. Browse some grants on the chapter pages of this site to see what we mean!

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be working on a project that can be described as “awesome”
• Browse some grants on the chapter pages of this site to see what they mean

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$1,000

Application Link

The Awesome Foundation Grant Application

Federal Grant Business Support Program

Resource Type

GrantFinancial AssistanceSupplemental Resource

Deadline

Closed, if interested complete form: Interest Form 

Provider

Illinois Department of Commerce and Economic Opportunity

Description

The Illinois Department of Commerce and Economic Opportunity (the “Department” or “DCEO”) is issuing this Notice of Funding Opportunity to set forth the requirements of the Department’s Federal Grant Support program. The Department administers grant programs designed to promote and enhance economic development as specified by the Department’s Fiscal Year 2023 budget Public Act 102-0698 enacted by the Illinois General Assembly

Applicant Type

For Profit Non Profit 

Eligibility

• Must be a business based in the state of Illinois or has committed to being a business based in Illinois

• Applicants must commit to providing a financial contribution (cash) towards the project, which will be used to determine the State’s eligible matching award.
• Must be registered with the DCEO
• More information on criteria for NOFO

Approved Use of Funds

Use of funds must be specified as direct or indirect and the items the funds will be used to purchase.

Amount

$10,000 - $5,000,000

Application Link

Inquiry Form

The Pollination Project Daily Grant

Resource Type

GrantSupplemental Resource

Deadline

Rolling Daily

Provider

The Pollination Project

Description

The Pollination Project Foundation provides seed funding for people who are driving transformational change in their communities, cultures and countries.

Applicant Type

For Profit Non Profit General 

Eligibility

• Organization must do less than $50,000 in annual revenue
• Project must have less than a $10,000 start up budget
• Must not have been a previous recipient of the TPP
• All eligibility criteria

Approved Use of Funds

Funds must be used for proposed project

Amount

$500

Application Link

The Pollination Project Daily Grant Application Portal

The Awesome Foundation Grant

Resource Type

Grant

Deadline

Rolling Monthly

Provider

The Awesome Foundation

Description

The Awesome Foundation is a global community advancing the interest of awesome, $1000 at a time. Every chapter interprets "awesome" for itself. As such, awesome projects include initiatives in a wide range of areas including arts, technology, community development, and more. Many ‘awesome’ projects are novel or experimental, and evoke surprise and delight. Awesome, sometimes challenging and often inspiring. Browse some grants on the chapter pages of this site to see what we mean!

Applicant Type

Non Profit For Profit General 

Eligibility

Must be working on a project that can be described as “awesome”

Browse some grants on the chapter pages of this site to see what they mean

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$1,000

Application Link

The Awesome Foundation Grant Application

Tech Rise

Resource Type

FundersSupplemental Resource

Deadline

Rolling Weekly

Provider

Tech Rise

Description

Tech Rise is a Beta phase digital platform for entrepreneurs seeking equity capital. The $5 Million fund is non-dilutive Friends & Family capital for Chicago’s historically underfunded tech founders.

Applicant Type

Individual For Profit Non Profit 

Eligibility

• Pitches will be virtual via Zoom and live-streamed to YouTube so friends and family can watch!  
• The format will be 4-minute pitches and 4-minute Q&A sections with the judges.
• No matter if you win or not, TechRise works to help you find additional resources to help your business grow.

Financial Products/Services

Incubators - VC Funding - Crowdfunding - Direct Lending

Learn more about Tech Rises’ services and product here

Amount

$25,000 - $50,000

Application Link

Tech Rise Application

High Five Grant

Resource Type

Grant

Deadline

Opens September 1st - 30th

Provider

The Mama Ladder

Description

If you’re both a mother and business owner: We see you, we support you, and we recognize your efforts with your company and kid(s). Since 2018, we’ve been granting business dreams to women like you.

Applicant Type

For Profit 

Eligibility

• You ARE A MOM!
• This grant is exclusively for women caregivers with human child(ren) of all ages. If your children are adults, we say: “Once a mom, always a mom.” This grant also welcomes first-time expecting moms, stepmoms, and foster moms.
• You own at least 50% of a for-profit product or service-based business and are serious about growth.
• You can verify earning business revenue in the past 12 months, between $10,000 to $500,000 annual revenue.
• Your business is headquartered in the United States or Canada.

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

Up to $10,000

Application Link

High Five Grant Application $50 application fee

Small Business Improvement Fund (SBIF)

Resource Type

GrantSupplemental ResourceGovernment Tax Credit

Deadline

Monthly deadlines more info here

Provider

SomCor and The City of Chicago

Description

The Small Business Improvement Fund (SBIF) provides grant funding, offered to tenants and owners of industrial and commercial properties.

Applicant Type

General For Profit Non Profit 

Eligibility

• Business properties must be located in a TIF district where SBIF funds are available and open for applications
• Commercial businesses with gross annual sales up to $9 million on average over the previous three years
• Commercial property owners with net worth up to $ 9 million and liquid assets up to $500,000
• Industrial businesses with up to 200 full-time employees

Approved Use of Funds

Permanent building repairs and improvements

Amount

Grants cover 30% and 90% of the cost of remodeling work

Commercial Property: $150,000

Industrial Properties/ Businesses: $250,000 

Application Link

Small Business Improvement Fund Application

Emergency Supplemental Victims Fund

Resource Type

Grant

Deadline

Rolling Application

Provider

City of Chicago

Description

The City of Chicago’s Emergency Supplemental Victims Fund (ESVF) pilot provides financial assistance in set amounts to survivors and their families to alleviate the immediate financial impacts of fatal and non-fatal shooting incidents.

Applicant Type

Individual 

Eligibility

• You must be a City of Chicago resident who has a family member who experienced gunshot injuries in West Garfield Park, East Garfield Park, Englewood, West Englewood, or New City, on or after January 1, 2023, provided they are not detained by law enforcement.
• Must be someone who lost a loved one to gun violence on or after January 1, 2023 in any of the designated neighborhoods.
• Funds available until depleted
• Immigrant Status does not affect eligibility*

Approved Use of Funds

Funeral Expenses, Medical recovery,

Amount

Up to $6,000

Application Link

Emergency Supplemental Victims Fund Info and Application

Standard Participation Loan Program (PLP)

Resource Type

LoanSupplemental ResourceFunders

Deadline

Rolling Application

Provider

There are a number of lenders in the Illinois and greater Chicagoland area are listed below, the full list is here

Description

The Standard Participation Loan Program was designed to enable small businesses to obtain medium to long-term financing, in the form of term loans, to help scale their businesses. Department participation is at the discretion of the lender and has a “below market” interest rate.

Applicant Type

For Profit Non Profit 

Eligibility

For businesses to be eligible they must have fewer than 750 full-time employees.

Approved Use of Funds

• Start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes Additional information is here

Amount

$10,000 - $200,000

Application Link

Apply with individual lenders here 

Chicago Community Loan Fund

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

Chicago Community Loan Fund

Description

CCLF provides flexible loans to support housing, commercial and economic development, social enterprises, and community facility space for retailers and social enterprises.

Applicant Type

General For Profit Non Profit 

Eligibility

• Entrepreneurs/Small Businesses.
• Focused on housing.
• Commercial and economic development.
• Social enterprises.
• Community facility space.

Financial Products/Services

Flexible Financing Products

Activate Retail

Predevelopment Loans

Construction & Rehabilitation Loans’

Housing Cooperative Loans

Diverse Mortgages

Amount

Resource/Funding

Application Link

Chicago Community Loan Fund Products and Info

Connect2Capital

Resource Type

LoanFundersSupplemental Resource

Deadline

Open Application

Provider

Allies for Community Business

Description

Connect2Capital is an online network serving as a market place to bring mission-driven lenders and referral partners together to help small businesses find the funding they need to flourish.

Applicant Type

General For Profit Non Profit 

Eligibility

• This is a marketplace for entrepreneurs, investors, financial institutions, and financial retailers.

Approved Use of Funds

Loans are to be used at your discretion

Amount

$500 - $5,000,000.

Application Link

Connect2Capital Application

Local Initiatives Support Corporation (LISC)

Resource Type

Supplemental ResourceFundersLoan

Deadline

Open Application

Provider

Local Initiatives Support Corporation

Description

LISC has a variety of flexible lending products designed to help local groups bring development projects to fruition. Our loans cover every phase of development, from predevelopment to permanent financing.

Applicant Type

Non Profit For Profit General 

Eligibility

• Eligibility for loans and services will change depending on the type of funding or service you are looking to receive. See below for more information.

Financial Products/Services

LISC has a variety of loans for enterprises, education, non-profit institutions, commercial real estate, personal real estate, and health. See here for a full list

Amount

$10,000 - $3,000,000

Application Link

LISC Loan Application and Info

SomerCor

Resource Type

Supplemental ResourceLoanFunders

Deadline

Open Application

Provider

SomerCor

Description

SomerCor offers a unique range of financial solutions to help grow your business. Our objective is to identify the best financial option for your business and guide you through the entire process.

Applicant Type

General For Profit Non Profit 

Eligibility

• SomerCor mainly lends to registered small businesses

Financial Products/Services

Real estate purchase Loans, Renovation loans, fixed equipment

SBA 7(a) Community Advantage Loans, and SBA 504 Loans

Amount

Up to $5,500,000

Application Link

SomerCor Loan Information

American Express

Resource Type

FundersLoan

Deadline

Open Application

Provider

American Express

Description

The American Express Working Capital Program is a financial product offered by AMEX to its business card members to seamlessly streamline the payment of vendors. Amex handles the payment processing via ACH to give you access to capital in the form of a revolving short-term line of credit so you can focus on growing your business.

Applicant Type

General For Profit Non Profit 

Eligibility

• Must be an Amex Business cardholder or client

Financial Products/Services

Credit Lines Business Credit Lines Financial Solutions

AMEX Business Financial Solutions and Products

Amount

$500 - $150,000 (Revolving Credit line)

Application Link

American Express Working Capital Assistance Application Late fee & interest waiver

Honeycomb Credit - Crowdfunding Loan

Resource Type

FundersLoan

Deadline

Open Application

Provider

Honeycomb

Description

Honeycomb is offering 45-day payment free periods, 6-month interest-only periods and reducing posting, & success.

Applicant Type

General For Profit Non Profit 

Eligibility

• All Businesses

Financial Products/Services

Crowdfunded Small Business Relief Loan

Amount

Varied

Application Link

Crowdfunding App

Kiva - Crowdfunding Loan

Resource Type

FundersLoanSupplemental Resource

Deadline

Open Application

Provider

Kiva

Description

Kiva is a crowdfunding platform that offers zero interest, crowdfunding loans

Applicant Type

General For Profit Non Profit 

Eligibility

• All Businesses

Financial Products/Services

Crowdfunded Small Business Loan

Amount

Up to $15,000

Application Link

Kiva Site

Minority/Women/Disabled/Veteran-Owned Business Advantage Illinois

Resource Type

LoanSupplemental ResourceFunders

Deadline

Rolling Application

Provider

Approved DCEO Lenders 

Description

Businesses – similar to Standard PLP; however, the amount of financial support may range depending on loan term, MWDV majority control/ownership.

Applicant Type

General For Profit Non Profit 

Eligibility

• Businesses must have fewer than 750 full-time employees

• Must be majority-owned and/or controlled by minority persons, women, disabled persons, or veteran-owned

Approved Use of Funds

Start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.

Amount

$10,000 - $200,000

Application Link

Download a list of lenders

Wish Local Empowerment Fund

Resource Type

GrantSupplemental Resource

Deadline

Rolling Application

Provider

Wish

Description

Wish has created a $2M dollar fund to give roughly 4,000 Wish Local small business partners financial support.

Applicant Type

For Profit Non Profit 

Eligibility

• All of the criteria listed must be met in order to be eligible

• You have a Black-owned business, 18+ years of age
• 20 or fewer employees, is a brick-and-mortar shop within the United States
• Annual revenue under $1M
• If selected for the program, you must join Wish Local

Approved Use of Funds

There are no specific requirements on the allocation of the funds, however the sponsor organization would like for the funds to used to keep your workforce employed, paying rent, operation or inventory costs, marketing, or to provide opportunities for your community

Amount

$500 - $2000

Application Link

Wish Local Empowerment Application

Cook County Property Tax Incentive Program

Resource Type

Government Tax CreditFinancial Assistance

Deadline

Rolling Application

Provider

Cook County Assessor's Office, City of Chicago

Description

Cook County has designated property tax incentives for real estate and commercial development projects.

Applicant Type

For Profit Non Profit General 

Eligibility

• Must be a capital project

Approved Use of Funds

Tax Incentive

Amount

Property Tax Incentives vary by location and affidavit requirements

Application Link

Cook County Property Tax Incentives Information and Application

Tax Increment Financing (TIF)

Resource Type

GrantGovernment Tax CreditFunders

Deadline

Rolling Application

Provider

Department of Planning and Development, City of Chicago

Description

Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects.

Applicant Type

Non Profit For Profit General 

Eligibility

• Proposed development site must show signs of Age

• Obsolescence
• Code violations
• Excessive vacancies
• Overcrowding of facilities
• Lack of ventilation, light, sanitary facilities

Find more information on TIF eligibility here

Approved Use of Funds

Rehabilitation, Construction, any and all hard costs associated with the project.

Amount

TIF projects typically exceed $1,000,000

Application Link

Tax Increment Financing Information

US Chamber of Commerce Grant

Resource Type

Grant

Deadline

July 25, 2025 at 11:59 pm ET

Provider

US Chamber of Commerce

Description

We’re looking for the change-makers, the innovators, the problem solvers — the small businesses doing big things to drive growth and ingenuity, both locally and globally. Apply to our premier awards program, the CO—100, to earn your spot on our list of America’s top small businesses. Enter your business in up to five award categories spanning a broad range of specialties, including tech innovation, marketing excellence, global expansion, longevity, and company culture.

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be a legal resident in the US
• Business operating for 1 year, prior to May 4, 2024, primarily in the United States
• Under 250 employees
• Agree to all award rules, including potentially attending an awards ceremony

Approved Use of Funds

Must be aligned with the project

Must document any expenses

Any costs must be reasonable and necessary

Amount

Up to $25,000

Application Link

US Chamber of Commerce Application Link (app fee)

Businesses Reducing Impact on the Environment (BRITE) Program

Resource Type

Supplemental Resource Grant

Deadline

Rolling

Provider

Cook County Department of Environment and Sustainability

Description

Businesses Reducing Impact on the Environment (BRITE) program helps businesses reduce their environmental impact while creating a healthier environment for their employees, customers and community by offering on-site assessments to reduce pollution. Once completed, eligible businesses will have the opportunity to apply for grant funding.

More Info Here

Applicant Type

For Profit 

Eligibility

• Must be a small business (less than 500 employees)
• Is located in suburban Cook County
• Is a dry-cleaning facility, auto body or auto repair shop, metal
• finisher or food and beverage manufacturer. 
• Been financially affected by the COVID-19 pandemic with proven loss of revenue.
• Was in operation prior to January 1, 2020

Approved Use of Funds

This funding will go towards solutions that save money, reduce impact on the environment and modernize operations

Amount

Up to $300,000

Application Link

Complete Interest Survey here to become eligible to apply for Grant

City of Chicago Community Development Grants

Resource Type

Grant

Deadline

Aug. 15, 2025 11:59 PM (Small & Medium Grants); Rolling Application (Large Grants)

Provider

Department of Planning and Development, City of Chicago

Description

The City of Chicago helps support business and neighborhood vitality through Small, Medium and Large Community Development Grant (CDG) awards. CDGs use proceeds from the 2024 Housing and Development Bond and other funding sources to support a variety of eligible, business-related investments that create and maintain jobs and quality-of-life improvements for local residents.  

Applicant Type

For Profit Non Profit General 

Eligibility

• Grant funding can be used for pre-development, construction, or renovation costs for permanent capital improvement projects.
• Open to community developers, business owners and entrepreneurs, and property owners. Site control is preferred, but not required.
• Residential-only development is not eligible, but mixed-use projects are eligible. More Information on Eligibility

Approved Use of Funds

For office, retail, light industrial and mixed-use projects. (small grants);

For office, retail, cultural, industrial, institutional and mixed-use projects. (medium and large grants)

Amount

The City expects awards to be capped at $5 million

Application Link

City of Chicago Community Development Grants

Small Business Improvement Fund (SBIF)

Resource Type

GrantN/AN/A

Deadline

July 30, 2025

Provider

City of Chicago, Department of Planning and Development (DPD)

Description

The Small Business Improvement Fund (SBIF) provides reimbursement grant funding for permanent building improvements and repairs across the city to tenants and owners of industrial and commercial properties, SBIF grants are funded by Tax Increment Financing (TIF) revenues in designated TIF districts citywide.   

Applicant Type

For Profit N/A N/A 

Eligibility

• Businesses and properties from the following districts: Greater Southwest Industrial (East), Lawrence/Broadway, Washington Park, West Woodlawn, Woodlawn

• Business properties located in a TIF district where SBIF funds are available and the SBIF is open for applications
• Commercial businesses with gross annual sales up to $9 million on average over the previous three years
• Commercial property owners with net worth up to $ 9 million and liquid assets up to $500,000
• Industrial businesses with up to 200 full-time employees
• Residential projects are not eligible for SBIF grants

• Learn more about Eligibility

Approved Use of Funds

Reimbursement grant funding for permanent building improvements and repairs across the city.

Amount

Program participants can receive grants to cover between 30 percent and 90 percent of the cost of remodeling work, with a maximum grant of $150,000 for commercial properties and $250,000 for industrial properties.

Application Link

Small Business Improvement Fund (SBIF) Link

Neighborhood Opportunity Fund

Resource Type

GrantN/AN/A

Deadline

Quarter 3 application due August 15, 2025; Rolling with 4 quarter application periods per year

Provider

City of Chicago, Department of Planning and Development (DPD)

Description

The Neighborhood Opportunity Fund (NOF) provides capital development grants up to $250,000 for small business and cultural projects located along West, Southwest, and South Side commercial corridors. NOF grants are provided as reimbursement for up to 75% of eligible project expenses with a maximum grant of $250,000. Applicants may qualify for additional funding for Technical Assistance. 

Applicant Type

For Profit N/A N/A 

Eligibility

• All NOF projects must be located on an eligible or priority corridor. To confirm your property is eligible, email NOF@CityofChicago.org with the full address.
• NOF grants fund permanent capital improvements.
• Eligible Projects: Commercial (office, retail), Cultural (museums, theaters, performance venues), Non-profits with an on-site commercial component, Commercial components of industrial uses; Eligible Expenses: New construction, Storefront buildouts, Facade repair, window, and door replacement, Plumbing, electrical, and HVAC work, Roof repairs, Acquisition costs - as part of a larger construction or renovation project, Soft costs (design, technical assistance)

Approved Use of Funds

NOF grants are provided as reimbursement for up to 75% of eligible project expenses with a maximum grant of $250,000.

Amount

maximum grant of $250,000.

Application Link

Neighborhood Opportunity Fund Application Link

Spark Good Local Grants

Resource Type

Grant

Deadline

July 15, 2025

Provider

Walmart

Description

Walmart believes that strengthening local communities creates value for business as well as society. Each year, Walmart U.S. stores, Sam’s Clubs and Distribution Centers award local cash grants ranging from $250 to $5000. These local grants are designed to address the unique needs of the communities where we operate.

Applicant Type

General For Profit Non Profit 

Eligibility

• Must have Spark Good account and verified by Deed
• Locally and directly benefiting area of award designation\
• Non profit, Government Entity, School

Approved Use of Funds

There are no requirements for the use of funds

Amount

$250 - $5,000

Application Link

Spark Good Local Grants

Truist Foundation Grant

Resource Type

GrantSupplemental Resource

Deadline

Cycle 1: March 31, 2026, at 5:00 pm CT

Cycle 2: July 31, 2026, at 5:00 pm CT

Cycle 3: November 30, 2026, at 5:00 pm CT

Provider

Truist Foundation

Description

Truist supports nonprofit organizations that serve critical needs in their communities by partnering directly with nonprofit organizations that support wealth building for historically excluded communities, its goal is to help make a meaningful difference in the lives of those they serve.

Applicant Type

Non Profit 

Eligibility

• Grants may be approved for organizations classified as 509(a)(1) or 509(a)(2) public charities under Section 501(c)(3) of the Internal Revenue Code.
• Must align with Truist Foundation’s values and have value and impact to the community it serves

Approved Use of Funds

New program launch, a curriculum to expand or strengthen a       program, equipment to deliver a program, and capital needs.

Amount

Minimum $5,000+

Application Link

Truist Foundation Grant

Federal Grant Business Support Program

Resource Type

GrantFinancial AssistanceSupplemental Resource

Deadline

Closed, if interested complete form: Interest Form 

Provider

Illinois Department of Commerce and Economic Opportunity

Description

The Illinois Department of Commerce and Economic Opportunity (the “Department” or “DCEO”) is issuing this Notice of Funding Opportunity to set forth the requirements of the Department’s Federal Grant Support program. The Department administers grant programs designed to promote and enhance economic development as specified by the Department’s Fiscal Year 2023 budget Public Act 102-0698 enacted by the Illinois General Assembly

Applicant Type

For Profit Non Profit 

Eligibility

• Must be a business based in the state of Illinois or has committed to being a business based in Illinois
• Applicants must commit to providing a financial contribution (cash) towards the project, which will be used to determine the State’s eligible matching award.
• Must be registered with the DCEO

Approved Use of Funds

Use of funds must be specified as direct or indirect and the items the funds will be used to purchase.

Amount

$10,000 - $5,000,000

Application Link

Inquiry Form

The Pollination Project Daily Grant

Resource Type

GrantSupplemental Resource

Deadline

Rolling Daily

Provider

The Pollination Project

Description

The Pollination Project Foundation provides seed funding for people who are driving transformational change in their communities, cultures and countries.

Applicant Type

Non Profit For Profit 

If the business is a for-profit, the money must be reinvested to a non for profit organization

Eligibility

• Your project must serve charitable community purposes and not personal gain.

• No organizational promotion or advocacy for animal agriculture.
• Annual budget must not exceed $50,000.
• All eligibility criteria

Approved Use of Funds

Funds must be used for proposed project

Amount

$500. However, for farm animal advocates, offer large initial capital and follow on funding of up to $10,000.

Application Link

The Pollination Project Daily Grant Application Portal

T-Mobile Hometown Grant

Resource Type

GrantSupplemental ResourceN/A

Deadline

September 30, 2025 at 11:59 pm CT

Provider

T-Mobile

Description

For communities with populations of 50,000 or less, the program provides grants of up to $50,000 to help build stronger, more prosperous small towns and rural communities!

Applicant Type

General Non Profit N/A 

Eligibility

• Proposals must focus on a physical project benefiting the public.

• The applicant organization must own the site where the proposed project would be implemented OR provide a description/​confirmation of adequate permissions to alter the site. If the applicant organization does not own the site, one of the letters of support must come from the owner of the site.
• Applicants may submit up to one (1) application per organization per grant cycle. Applicants may re-apply to subsequent grant cycles if they are not selected in an earlier round.
• May NOT be awarded to for-profit businesses

Approved Use of Funds

Must be put toward the town/community

Amount

Up to $50,000

Application Link

T-Mobile Hometown Grant Application Link

The Awesome Foundation Grant

Resource Type

Grant

Deadline

Rolling Monthly

Provider

The Awesome Foundation

Description

The Awesome Foundation is a global community advancing the interest of awesome, $1000 at a time. Every chapter interprets "awesome" for itself. As such, awesome projects include initiatives in a wide range of areas including arts, technology, community development, and more. Many ‘awesome’ projects are novel or experimental, and evoke surprise and delight.

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be working on a project that can be described as “awesome”
• Browse some grants on the chapter pages of this site to see what they mean

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$1,000

Application Link

The Awesome Foundation Grant Application

Nonprofit Finance Fund  

Resource Type

LoanFundersSupplemental Resource

Deadline

Open Application

Provider

Nonprofit Finance Fund

Description

The Nonprofit Finance Fund (NFF) is a Community Development Financial Institution (CDFI)  that provides loans, other financing, and consulting services to help nonprofits and social enterprises expand opportunities in their communities.

Applicant Type

General Non Profit 

Eligibility

• Nonprofits & Social Enterprise

Financial Products/Services

Acquisition & Construction loans, New Market Tax Credits

Working capital

Bridge Loans

Consulting Services

Investing

Amount

Varied

Application Link

Nonprofit Finance Fund - Loan Interest Form

Chicago Community Loan Fund

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

Chicago Community Loan Fund

Description

CCLF provides flexible loans to support housing, commercial and economic development, social enterprises, and community facility space for retailers and social enterprises.

Applicant Type

General For Profit Non Profit 

Eligibility

• Entrepreneurs/Small Businesses focused on housing.

• Commercial and economic development
• Social enterprises.
• Community facility space.

Financial Products/Services

Flexible Financing Products

Activate Retail

Predevelopment Loans

Construction & Rehabilitation Loans’

Housing Cooperative Loans

Diverse Mortgages

Amount

$50,000-$5,000,000

Application Link

Application fees: $350 for for-profit organizations and $250 for nonprofit organizations

Chicago Community Loan Inquiry and Application Form

US Chamber of Commerce Grant

Resource Type

Grant

Deadline

July 25, 2025 at 11:59 pm ET

Provider

US Chamber of Commerce

Description

We’re looking for the change-makers, the innovators, the problem solvers — the small businesses doing big things to drive growth and ingenuity, both locally and globally. Apply to our premier awards program, the CO—100, to earn your spot on our list of America’s top small businesses. Enter your business in up to five award categories spanning a broad range of specialties, including tech innovation, marketing excellence, global expansion, longevity, and company culture.

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be a legal resident in the US
• Business operating for 1 year, prior to May 4, 2024, primarily in the United States
• Under 250 employees
• Agree to all award rules, including potentially attending an awards ceremony

Approved Use of Funds

• Must be aligned with the project
• Must document any expenses
• Any costs must be reasonable and necessary

Amount

Up to $25,000

Application Link

US Chamber of Commerce Application Link (app fee)

Honeycomb Credit - Crowdfunding Loan

Resource Type

FundersLoan

Deadline

Open Application

Provider

Honeycomb Credit

Description

Honeycomb Credit unlocks growth opportunities for small businesses to build vibrant, financially empowered communities. Honeycomb is offering 45-day payment free periods, 6-month interest-only periods and reducing posting, success, and investor fees

Applicant Type

General For Profit Non Profit 

Eligibility

• All Businesses

Financial Products/Services

Crowdfunded Small Business Relief Loan

Amount

Businesses can raise $25,000- $500,000 dollars through Honeycomb.

Application Link

Honeycomb Credit Loan Information

HoneyComb Credit Loan Application Form 

Kiva - Crowdfunding Loan

Resource Type

FundersLoanFinancial AssistanceSupplemental Resource

Deadline

No deadline. After the application, you have 15 days to privately secure funding and 30 days publicly.

Provider

Kiva

Description

Kiva is a crowdfunding platform that offers zero interest, crowdfunding loans. Kiva uses crowdfunded microloans as a force for good, creating a space where people can have one-to-one impact, and together, expand financial access for all.

Applicant Type

General For Profit Non Profit 

Eligibility

• Must live in the US except Nevada and North Dakota
• Must be at least 18 years old
• Must use the loan for business purposes

Financial Products/Services

Crowdfunded Small Business Loan

Amount

Up to $15,000

Application Link

Kiva Application Link

Local Initiatives Support Corporation (LISC)

Resource Type

GrantLoanFunders

Deadline

Open Application

Provider

Local Initiatives Support Corporation

Description

LISC has a variety of flexible lending products designed to help local groups bring development projects to fruition. Our loans cover every phase of development, from predevelopment to permanent financing.

Applicant Type

Non Profit For Profit General 

Eligibility

• Eligibility for loans and services will change depending on the type of funding or service you are looking to receive. See below for more information.

Financial Products/Services

LISC has a variety of loans for enterprises, education, non-profit institutions, commercial real estate, personal real estate, and health. See here for a full list

Amount

$10,000 - $3,000,000

Application Link

LISC Loan Application and Info

Grant Notifications via Email 

The Knight Foundation

Resource Type

GrantN/AN/A

Deadline

Rolling

Provider

The Knight Foundation

Description

Grant opportunity for male entrepreneurs

Applicant Type

Non Profit Individual General 

Eligibility

• You need an idea or business plan; this grant is startup-friendly and open to existing companies
• A grant proposal outlining your business idea, statement of need, and budget

Approved Use of Funds

Follows your grant proposal

Amount

$200,000

Application Link

The Knight Foundation Grant Information

Seaway

Resource Type

LoanFunders

Deadline

Open Application

Provider

Seaway Bank

Description

A division of Self Help Federal Credit Union Small Business; Consumer; Commercial and Residential Real Estate. Our mission is creating and protecting ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities.

Applicant Type

Individual Non Profit 

Eligibility

• Seaway accepts smaller loan applications from residents and businesses in Illinois and North Carolina. Applications outside of those states must exceed $500,000
• Seaway prefers to lend to community businesses, community based development projects, and account holders. More on Seaway enterprise lending

Financial Products/Services

Lending

Serving

Building

Learning

Innovating

Amount

Commercial Loans: $15,000+SBA Loans: $15,000 - $3,000,000

Application Link

Seaway Bank Information

Commercial Loan Inquiry Form 

SomerCor

Resource Type

LoanFunders

Deadline

There usually isn’t one. Depending on your district of application, applications are due at 5pm CT on that date.

Provider

SomerCor

Description

SomerCor offers a unique range of financial solutions to help grow your business. Our objective is to identify the best financial option for your business and guide you through the entire process.

Applicant Type

General For Profit Non Profit 

Eligibility

• SomerCor mainly lends to registered small businesses
• Commercial businesses with gross annual sales of up to $9 million on average over the previous three years
• Commercial property owners with a net worth of up to $9 million and liquid assets of up to $500,000
• Industrial businesses with up to 200 full-time employees

Financial Products/Services

Real estate purchase Loans, Renovation loans, fixed equipment

SBA 7(a) Community Advantage Loans, and SBA 504 Loans

Amount

Up to $5,000,000 for most businesses and up to $5,500,000 for manufacturing and ‘green energy’ loans.

Application Link

SomerCor Loan Information

Somer Cor Inquiry Form 

Small Business Readiness for Resiliency

Resource Type

GrantSupplemental Resource

Deadline

Rolling

Provider

FedEx in cooperation with US Chamber of Commerce Foundation

Description

Our goal is to support small businesses in becoming more resilient and prepared for disasters. We understand that times of crisis can be devastating for communities, and we are dedicated to sharing knowledge, resources, and promoting collaboration to ensure a speedy recovery.

Applicant Type

Non Profit General Individual 

Eligibility

• Designed specifically for businesses with 500 employees or less
• Based on an eligibility quiz to see if your business qualifies
• Eligibility Quiz 

Approved Use of Funds

Must be used for a variety of critical recovery expenses

Amount

$5,000

Application Link

The organization will reach out to you and/or your business with instructions to apply after filling out the quiz if you are eligible.

Resource Type

LoanFundersMission Driven (beyond a profit)

Deadline

Open Application

Provider

Intersection of Facilities and Finance (IFF)

Description

With experience in equity and deep sector expertise, IFF helps nonprofits to shape more equitable and vibrant communities through community-centered lending, development, and real estate consulting.

Applicant Type

Non Profit Government  

Eligibility

• Nonprofit Status: You must be a registered nonprofit organization.
• Location: You need to be located within IFF's 10-state Midwest service region (IL, IA, IN, KS, KY, MI, MN, MO, OH, and WI).
• Mission-Driven Focus
• Ability to Repay
• Financial Documentation

Financial Products/Services

Low interest Loans

Data and Analysis services

Real Estate Consulting

Amount

$10,000 - $6,500,000

Application Link

IFF Applications and Info

IFF Loan Application Form.PDF  

Amplifier Grant

Resource Type

GrantN/AN/A

Deadline

Grants awarded seasonally on: Winter (Dec 31), Spring (Mar 31), Summer (Jun 30), Fall (Sep 30).

Provider

The Outrage Powered by Shopify

Description

The Amplifier Grant is a fund by The Outrage accepting applications on a rolling basis with at least $5,000 in funds awarded on a seasonal basis. The Amplifier Grant was set up with one goal in mind: to get funds in the hands of people trying to make the world a better place.

Applicant Type

Non Profit For Profit General 

Eligibility

• Must be in the United States.
• Must be geared towards making the world better.
• All entities ranging from high school projects, grassroots organizations, nonprofits, startups, businesses, and more are encouraged to apply.

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

At least $5,000

Application Link

Non refundable application fee of $15 to apply Amplifier Grant Application Link 

Foot Locker

Resource Type

GrantN/AN/A

Deadline

September 30, 2025

Provider

The Foot Locker Foundation

Description

The Foot Locker Foundation is launching a fifth round of grants for the Foot Locker Foundation Community Empowerment Program, which funds nonprofit community organizations that connect youth to mentorship, education, career development, and health services.

Applicant Type

Non Profit N/A N/A 

Eligibility

• Must serve youth in low to moderate income communities. Cities include: Atlanta, Baltimore, Chicago, Dallas, Detroit, Houston, Los Angeles, New York City, Newark, Oakland, Philadelphia, San Francisco, Tampa, and Washington DC.
• Must deliver programs and services to connect youth to mentorship, education, career development, and healthcare.
• Must have an organizational budget of $5,000,000 or less

Approved Use of Funds

All grants must support the proposed project or programming

Amount

$25,000 - $75,000 for grants focused on the youth

$25,000 - $100,000 for grants to support improvements

Application Link

Foot Locker Grant Application Link

Illinois Grocer Initiative - Equipment Upgrade Program

Resource Type

GrantGrantGrant

Deadline

December 15, 2025, at 5:00 pm CT

Provider

Department of Commerce & Economic Opportunity, State of Illinois

Description

The Illinois Grocery Initiative Equipment Upgrades Program, authorized by Public Act 103-0561, will provide grants for new energy-efficient equipment upgrades for existing independently-owned for-profit grocery stores, cooperative grocery stores, or not-for-profit grocery stores.

Applicant Type

For Profit General Individual 

Eligibility

• Grants will be limited to projects making energy-efficient investments in existing bricks- and-mortar operations in Illinois.
• This grant opportunity will be limited to independently-owned grocers or cooperatives with fewer than 500 employees and no more than 4 grocery stores.

Approved Use of Funds

Heating, ventilation and air conditioning (HVAC) equipment Refrigeration units and freezers

Lighting systems

Amount

$25,000 - $250,000

Application Link

Illinois Grocer Initiative - Equipment Upgrade Program

DishRoulette Kitchen 2 Kitchen Grant

Resource Type

Grant

Deadline

Rolling Application

Provider

Small Business Association

Description

This micro-grant program is aimed at providing monetary relief to the restaurant industry on a micro level.

Applicant Type

For Profit 

Eligibility

• Applicants must be located in the Chicagoland area,
• majority minority-owned,
• less than $500,000 annual revenue in business for at least one year

• 25% decrease in revenue due to COVID-19

• Recipients will be selected via a scoring system based on TEAM, NEED, and GROWTH.
• Click Here for Further Details. 

Approved Use of Funds

No requirements set forth for the allocation of funds.

Amount

$1,000 

Application Link

Dish Roulette Kitchen Grant Application!

Good Jobs Institute  

Resource Type

Supplemental ResourceFunders

Deadline

None

Provider

Good Jobs Institute

Description

The Good Jobs Institute aims to help companies thrive by creating good jobs and to redefine what it means to run a successful business. They work with leaders across industries interested in bringing the Good Jobs Strategy to their organizations. They have worked with companies across a variety of industries.

Applicant Type

General For Profit Non Profit 

Eligibility

• This is a general financial resource for workers and small business owners

Financial Products/Services

Financial resource guide for workers’ relief funds and small business relief funds.

Amount

Resource Guide

Application Link

Good Jobs Institute Information

The Artists Run Chicago Fund

Resource Type

GrantSupplemental ResourceN/A

Deadline

August 5, 2025 at 11:59 pm

Provider

Hyde Park Art Center

Description

In 2025, the Artists Run Chicago fund will award 13 $8,000 unrestricted grants to artist-run spaces and platforms in Chicago. This funding opportunity aims to support artist-run initiatives that create opportunities that foster artists’ practices by providing resources, public-facing presentations, and more.

Applicant Type

Individual General N/A 

Eligibility

• Must operate in Chicago or one of the neighboring suburbs
• Must have been founded before June of 2024.
• Be led by artists with a demonstrated visual art practice. Applicants must share samples of their artwork.
• Broadly engage with artists (other than artists directing the space/platform), public audiences, and contemporary visual art.
• Must be visual arts focused (DOES NOT include the disciplines of: film, theater, dance, music, or literature unless the platform primarily presents visual art in dialogue with these other disciplines).

Approved Use of Funds

Funds may be used for art supplies and resources or for external use.

Amount

$8,000

Application Link

Individual Artist Performance Grant Application

Chicago Community Loan Fund

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

Chicago Community Loan Fund

Description

CCLF provides flexible loans to support housing, commercial and economic development, social enterprises, and community facility space for retailers and social enterprises.

Applicant Type

General For Profit Non Profit 

Eligibility

• Entrepreneurs/Small Businesses focused on housing.
• commercial and economic development.
• social enterprises.
• community facility space.

Financial Products/Services

Flexible Financing Products

Activate Retail

Predevelopment Loans

Construction & Rehabilitation Loans’

Housing Cooperative Loans

Diverse Mortgages

Amount

Resource/Funding

Application Link

Chicago Community Loan Fund Products and Info

Your Forte, Our Finance Program

Resource Type

Supplemental ResourceFundersLoan

Deadline

Open Application

Provider

Greenwood Archer Capital

Description

The program’s mission extends beyond providing micro-financing benefits to primarily African American-owned small businesses, the program empowers entrepreneurs to support economic development within their community, in turn leading the way for a stronger infrastructure. 

Applicant Type

General For Profit Non Profit 

Eligibility

• Business must be black-owned.
• Ability to repay loan/meet GAC’s other underwriting guidelines.
• The commercial portion of the building must be owner-occupied.
• Must be currently purchasing real estate for business use.
• Mixed-use buildings are allowed if commercial space is occupied by the business borrowing funds.
• The borrower must participate in technical assistance offered by program

Financial Products/Services

Commercial Real Estate Loan

Amount

Varied - $200,000 

Application Link

Your Forte, Our Finance Application and Details

Seaway

Resource Type

Supplemental ResourceFundersLoan

Deadline

Open Application

Provider

Seaway Bank

Description

A division of Self Help Federal Credit Union Small Business; Consumer; Commercial and Residential Real Estate

Applicant Type

Individual For Profit Non Profit 

Eligibility

• Seaway accepts smaller loan applications from residents and businesses in Illinois and North Carolina. Applications outside of those states must exceed $500,000
• Seaway prefers to lend to community businesses, community based development projects, and account holders. More on Seaway enterprise lending

Financial Products/Services

Facilities; facilities improvement; vehicle and equipment; working capital for small businesses

Amount

$15,000 - $3,000,000

Application Link

Seaway Bank Information

IFF

Resource Type

Supplemental ResourceLoanFunders

Deadline

Open Application

Provider

Intersection of Facilities and Finance (IFF)

Description

With experience in equity and deep sector expertise, IFF helps nonprofits to shape more equitable and vibrant communities through community-centered lending, development, and real estate consulting.

Applicant Type

Non Profit Government  

Eligibility

• Must be a Non-Profit organization or have a social investing purpose with proposed projects.

Financial Products/Services

Low interest Loans

Data and Analysis services

Real Estate Consulting

Amount

$10,000 - $6,500,000

Application Link

IFF Applications and Info

Connect2Capital

Resource Type

Supplemental ResourceFundersLoan

Deadline

Open Application

Provider

Allies for Community Business

Description

Connect2Capital is an online network serving as a market place to bring mission-driven lenders and referral partners together to help small businesses find the funding they need to flourish.

Applicant Type

General For Profit Non Profit 

Eligibility

• This is a marketplace for entrepreneurs, investors, financial institutions, and financial retailers.

Approved Use of Funds

Loans are to be used at your discretion

Amount

$500 - $5,000,000.

Application Link

Connect2Capital Application

Racial Equity & Capital Fund (RECF)

Resource Type

GrantSupplemental ResourceFunders

Deadline

July 2026

Provider

Exelon Foundation

Description

Expand access to capital to minority businesses so they can create more jobs, grow their companies, and reinvest in their neighborhoods and communities.

Applicant Type

For Profit 

Eligibility

• Must be a minority-owned business

Approved Use of Funds

No requirements set forth for the allocation of funds

Amount

$100,000 and $300,000 Loans and Equity Investments of nearly $1 million.

Application Link

Racial Equity Capital Fund

Service Workers Action & Relief Fund

Resource Type

Grant

Deadline

Open Application

Provider

One Fair Wage

Description

Service Workers Action & Relief Fund to support service workers (restaurant workers or other tipped workers) who are organizing their coworkers to make real and lasting change in their workplace!.

Applicant Type

Individual 

Eligibility

• Service workers (restaurant workers or other tipped workers) who are currently working and thinking about walking off their jobs, and willing to stay in their jobs and undergo training to fight for higher wages and better working conditions
• Service workers (restaurant workers or other tipped workers) who have walked off the job in the last two months (since April 1, 2021), who are willing to get trained to organize their peers in the service sector to demand higher wages and be able to return to a more sustainable industry.

Approved Use of Funds

No requirements for the allocation of funds

Amount

Up to $6,000

Application Link

Service Worker Action & Relief Fund

Deadline

Open Application

Provider

Greenwood Archer Capital (GAC), Business Services Collective (BSA)

Description

EMPOWER is a transformative partnership model investing in construction entrepreneurs by providing back-office support services, equitable access to business capital, and projects that lead the way for community autonomy, stronger infrastructure, and wealth creation.

Applicant Type

General For Profit Non Profit 

Eligibility

• This program is tailored for Construction Entrepreneurs and General Contractors

Financial Products/Services

Bookkeeping

Accounting

Service Estimation

Flexible Capital

Amount

Up to $100,000

Application Link

Schedule Meeting Here Learn more about EMPOWER 

Chicago Community Loan Fund

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

Chicago Community Loan Fund

Description

CCLF provides flexible loans to support housing, commercial and economic development, social enterprises, and community facility space for retailers and social enterprises.

Applicant Type

General For Profit Non Profit 

Eligibility

• Entrepreneurs/Small Businesses focused on housing, commercial and economic development, social enterprises, and community facility space.

Financial Products/Services

Flexible Financing Products

Activate Retail

Predevelopment Loans

Construction & Rehabilitation Loans’

Housing Cooperative Loans

Diverse Mortgages

Amount

Resource/Funding

Application Link

Chicago Community Loan Fund Products and Info

Community Investment Corporation

Resource Type

LoanFundersSupplemental Resource

Deadline

Open Application

Provider

Community Investment Corporation (CIC)

Description

For more than 30 years, multifamily lending has been CIC’s core business. Get expert construction advice and personalized, hands-on customer service.

Applicant Type

General For Profit 

Eligibility

• Must have five or more units in the property for which the loan is to be applied.

Financial Products/Services

1-4 Unit Property Loans

Mezzanine Loans

Energy Retrofits

TIF Purchase Rehab

Learn more and CIC Financial Products here

Amount

Loan amounts based on approval

Application Link

Community Investment Corporation

C3 Fund

Resource Type

LoanSupplemental ResourceFunders

Deadline

Rolling Applications

Provider

C3 FUND

Description

C3 focuses on catalyzing development in low to moderate communities, creating local jobs, and closing the racial and wealth gap– and we do this in part by centering our attention on women in real estate.

Applicant Type

General For Profit Non Profit 

Eligibility

• Must be BIPOC or a Woman

Financial Products/Services

1-4 unit Rehab financing

Fix and Flip financing

Amount

$75,000 - $500,000

Application Link

C3 Acquisition and Rehab Loan Application

Greenwood Archer Capital

Resource Type

LoanSupplemental ResourceFunders

Deadline

Rolling Application

Provider

Greenwood Archer Capital

Description

Greenwood Archer Capital is a Community Financial Development Institution (CDFI) that prides itself on equitable investing by funding promising minority-owned businesses in Chicago.  

Applicant Type

General For Profit Non Profit 

Eligibility

• Greenwood Archer funds Minority-owned businesses

Financial Products/Services

General Lending

Start up capital

Amount

Average loan is $23,000

Application Link

Greenwood Archer Capital formerly CNI MFG

Allies for Community Business

Resource Type

LoanSupplemental ResourceFunders

Deadline

Rolling Application

Provider

Allies for Community Business

Description

Allies for Community Business is a certified Community Development Financial Institution (CDFI), SBA micro- lending intermediary, and SBA Community Advantage lender.  Allies for Community Business administers several community grants as well. 

Applicant Type

General For Profit Non Profit 

Eligibility

• Loans are approved based on an evaluation of how well you have managed your debts over the past two years and how much cash you have available to make monthly loan payments.
• This lender does not use credit scores and will not put liens on your personal assets. 

Financial Products/Services

Loans are to be used at your discretion

Amount

Provides loans $500 - $100,000.

Application Link

Allies for Community Business

WBDC Direct Lending Program

Resource Type

Supplemental ResourceFundersLoan

Deadline

Open Application

Provider

Women's Development Business Center

Description

The Women's Business Development Center, founded in 1986 offers access to coaching, contract consulting, and capital stacks to augment the success and access to capital opportunities for women and other diverse business owners.

Applicant Type

General For Profit Non Profit 

Eligibility

• Loans are offered to businesses in Northeast Illinois with less than $1,000,000 in annual revenue.

Financial Products/Services

Capital Consulting

Capital Lending

Debt and Equity Structuring

Kiva Community Lending

View all financial services/products here

Amount

Varied Amounts and rates

Application Link

WBDC Direct Lending Program Application

Connect2Capital

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

Allies for Community Business

Description

Connect2Capital is an online network serving as a market place to bring mission-driven lenders and referral partners together to help small businesses find the funding they need to flourish.

Applicant Type

General For Profit Non Profit 

Eligibility

• This is a marketplace for entrepreneurs, investors, financial institutions, and financial retailers.

Approved Use of Funds

Loans are to be used at your discretion

Amount

$500 - $5,000,000.

Application Link

Connect2Capital Application

South Side Community Federal Credit Union

Resource Type

LoanSupplemental ResourceFunders

Deadline

Open Application

Provider

South Side Community Federal Union

Description

Individual Artists Program (IAP) Grants support the creation, development, or presentation of artwork and professional development. Grants support artists across all artistic disciplines including Film and Media Arts, Literary Arts, Music, Performing Arts (Theater/Dance), Visual Arts, and design

Applicant Type

Individual For Profit Non Profit 

Eligibility

• Loans are exclusively available to South Side Community Federal Credit Union members.
• Learn about opening an account here. 

Financial Products/Services

Auto Loans

Micro Business Loans

Payroll Advance Loans

Checking/Savings

View all financial services/products here

Amount

$150 - $15,000

Application Link

South Side Community Federal Credit Union

Community Reinvestment Fund

Resource Type

LoanFunders

Deadline

Open Application

Provider

Community Reinvestment Fund (CRF)

Description

CRF works to complement and amplify the scale and effectiveness of the small business ecosystem with its lending, technology and service solutions.

Applicant Type

General For Profit Non Profit 

Eligibility

• Corporations
• Small Business
• Philanthropic organizations
• Public sector
• CDFIs
• More Information found here

Financial Products/Services

SBA Loans (7a)

Bond agreements

Secondary Loan markets

CDFI Lending

More Information on all Financial Products and Services

Amount

Subject to credit approval and meeting eligibility.

Application Link

Apply Here

IFF

Resource Type

Supplemental ResourceLoanFunders

Deadline

Open Application

Provider

Intersection of Facilities and Finance (IFF)

Description

With experience in equity and deep sector expertise, IFF helps nonprofits to shape more equitable and vibrant communities through community-centered lending, development, and real estate consulting.

Applicant Type

Non Profit Government