Join the Coalition for Small Business Lending Transparency

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The Coalition for Small Business Lending Transparency (CSBLT) is a group of small business owners, lenders, nonprofits and advocates working to protect Illinois small businesses from predatory lenders that hide the cost of their loans. The Annual Percentage Rate (APR) on their loans can exceed 300%!

Our goal is to pass the Small Business Financing Transparency Act (HB744 HA #1) in the Illinois General Assembly. The Act would require lenders to disclose the APR on their loans, which would empower small business owners to make apples-to-apples comparisons when evaluating the best financial products for their business. APR is the gold standard for pricing loans and has been the legally required metric for consumer financial products since the 1960s.

Although consumers have long had the right to know the true cost of their loans under the federal Truth in Lending Act, small businesses in Illinois remain in the dark.

Fill out the form below to join the coalition!

Email *

Your name (for contact purposes) *

Name of your organization *

Title/position at organization *

Please select the ways you'd like to be involved in the Coalition's work (select all that apply): *

Yes, you may list my organization and/or its logo as a member of the Coalition to support HB744 HA #1, as well as supporting the same or substantially similar bills introduced with different bill numbers.

Please invite me to coalition meetings.

Are you authorized to sign on behalf of your organization? *

Yes

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