Resources for Small Businesses
There are over 4,000 businesses in the 7th district. Local small business owners face many challenges, especially in the poor economy. The following are resources offered by the state to provide support for small business owners.
Small Business Development Centers:
SBDCs provide one-on-one business counseling and management assistance to small businesses. SBDCs help clients access marketing information, identify and apply for business financing and connect clients with the right business education and training opportunities. Services include One-on-one counseling; assistance with management, business plans and marketing; financial services; training
There are several SBDCs near us:
- Illinois SBDC at Evanston Technology Innovation Center: 820 Davis Street Suite 137 / Evanston, Illinois 60201, T: 847/866-1817, F: 847/866-1808, W: www.sbdc-evanston.org, E: email@example.com
- Illinois SBDC at North Business & Industrial Council (NORBIC): 5353 West Armstrong Avenue / Chicago, Illinois 60646-6509, T: 773/594-9292 ex-227, F: 773/594-9416, W: www.norbic.org/services/busDev/main.html, E: firstname.lastname@example.org
- Illinois SBDC at Duman Microenterprise Ctr: 216 West Jackson Blvd, Suite 700/ Chicago, Illinois 60606-6921, T: 312/673-3429, W: http://www.jvschicago.org/duman/, E: email@example.com
- Illinois SBDC at Chicago Community Ventures: 700 North Sacremento Blvd. Suite 130 Chicago, Illinois 60612 T: 773/822-0320, W: http://www.chiventures.org/news/sbdc.shtml, E: SBDC@chiventures.org
- Illinois SBDC at Industrial Council of Nearwest Chicago, 2010 West Fulton, Suite 280 / Chicago, Illinois 60612, T: 312/433-2373, F: 312/421-1871 W: www.industrialcouncil.com/SBDC/services.html E: firstname.lastname@example.org
Illinois Entrepreneurship Centers
(A new initiative aimed at stimulating job growth in Illinois): 13 regional offices specialize in assisting companies with high growth potential. ECs accelerate entrepreneurial ventures by helping businesses connect with resources and funding, patents and products, money and markets. Centers also provide customized marketing strategies that drive product growth. Targeted to companies with high growth potential. Services include Access to capital; product licensing; access to technology; access to networks
ECs near us:
- Homeland Security Innovation & Entrepreneurship Center, Northwestern University,1801 Maple Avenue / Evanston, Illinois 60201, T: 847/491-7600, W: www.homelandsecurityiec.org, E: email@example.com
- IBIO Entrepreneurship Center: 65 E. Wacker Place Suite 1600 /Chicago, Illinois 6060,1 T: 312/422-1111 ext. 5, F: 312/422-1145 W: http://www.ibio.org/EC/overview.lasso E: firstname.lastname@example.org
- Chicagoland Entrepreneurship Center: Chicagoland Chamber of Commerce – AON Center, 200 E. Randolph St., Suite 2200 /Chicago, Illinois 60601-6436, T: 312/494-6736, F: 312/861-0635, W: www.chicagolandec.org, E: email@example.com
- Chicago West Side Entrepreneurship Center: University of Illinois at Chicago / Chicago Community Ventures 700 North Sacramento Blvd., Ste. 130 / Chicago, Illinois 60612, T: 773/822-0320, F: 773/822-0310, W: www.chiventures.org, E: firstname.lastname@example.org
- Illinois Hispanic Entrepreneurship Center: Illinois Hispanic Chamber of Commerce, 111 West Washington St., Suite 1660 / Chicago, Illinois 60602-2703, T: 312/425-9500, F: 312/425-9510 W: www.ihccbusiness.net, E: email@example.com
Illinois Technology (ITEC) Enterprise Centers
Targeted to Technology-based startup companies. Service include, Financing programs; training in technical and managerial skills; assistance with new product development and marketing
ITECs in Chicago:
- BiTmap: Illinois Medical District, 600 S. Hoyne Ave. / Chicago, IL 60612, T: 312-633-3434, F: 312-633-3438, W: http://www.imdc.org/programs.htm, E: firstname.lastname@example.org
- Northern Illinois University West Suburban Technology Enterprise Center (WeSTEC), 2700 International Drive, Suite 100 / West Chicago, IL 60185, T: 630/587-0544, F: 630/587-0543, W: http://www.nitec.niu.edu/nitec/aboutus/index.shtml
Procurement Technical Assistance Centers (PTAC)
Targeted to existing businesses that are interested in selling their products and/or services to local, state, or federal government agencies. Services include one-on-one counseling, technical information, marketing assistance and training
PTACs near us:
- Illinois PTAC at North Business & Industrial Council (NORBIC), 5353 West Armstrong Avenue / Chicago, Illinois 60646-6509, T: 773/594-9292 x-227, F: 773/594-9416 Contact W: www.norbic.org/services/market/market1.html E: email@example.com
- Illinois PTAC at Women’s Business Development Center: 8 South Michigan Suite 400/ Chicago, Illinois 60603-3302, T: 312/853-3477 x-43, F: 312/853-0145, W: www.wbdc.org, E: firstname.lastname@example.org
- llinois PTAC at Illinois Hispanic Chamber of Commerce: 1800 West Cermak Road / Chicago, Illinois 60608, T: 312/492-9960 x-12, F: 312/229-1918, W: www.ihccbusiness.net E: email@example.com
Illinois International Trade Centers
Targeted to existing, new to-export companies interested in pursuing international trade opportunities Services include, evaluation of company’s readiness to export; access to foreign market information; documentation assistance; automated trade leads; and linkages with trade representatives. NAFTA Opportunity Centers (NOCs) provide specialized assistance to those firms seeking to take advantage of the trade opportunities in Mexico and Canada made possible by the North American Free Trade Agreement.
ITCs near us
- Illinois ITC at North Business & Industrial Council (NORBIC): 5353 West Armstrong Avenue / Chicago, Illinois 60646-6509, T: 773/594-9292 x-225, F: 773/594-9416, W: www.norbic.org/services/busDev/main.html, E: firstname.lastname@example.org
- Illinois SBDC/NAFTA at North Business & Industrial Council (NORBIC): 5353 West Armstrong Avenue / Chicago, Illinois 60646-6509, T: 773/594-9292 x-232, F: 773/594-9416, W: www.norbic.org/services/busDev/main.html, E: email@example.com
The Manufacturing Extension Partnership of Illinois (MEPI)
Centers and affiliated support organizations help manufacturers with productivity, technology modernization, and enhanced business practices. Targeted to small and mid-sized Illinois manufacturers. Services include, identifying a company’s strengths, weaknesses, opportunities and threats; report where a company stands on more than 50 performance indicators; manage projects to address various manufacturing needs including, but not limited to manufacturing modernization, quality assurance, best manufacturing practices, product development, and market development.
The Chicago Manufacturing Center (CMC) Serves the Metropolitan Chicago area
- Chicago Manufacturing Center: 247 South State Street Suite 1000 / Chicago, IL 60604, T: 312-542-0500, F: 312-922-8557, W: http://www.cmcusa.org/index2.cfm, E: firstname.lastname@example.org
Small Business Environmental Assistance Program (SBEAP)
Targeted to businesses required to comply with state and federal air pollution regulations. Services include, a confidential helpline: 800-252-3998; Workshops; on-site visits; Clean Air Clips; consultant directory, and Environmental Resources
U.S. Export Assistance Centers
USEACs offer a full range of federal export programs and services from a number of federal agencies under one roof. Many locations have new-to-export programs called E-TAP.
- 200 W. Adams Street, Suite 2450 / Zip Chicago, IL 60606, T: (312) 353-8065, F: (312) 353-8098, E: (email@example.com)
Women’s Business Centers
SBA’s network of more than 60 Women’s Business Centers (WBC) provide a wide range of services to women entrepreneurs at all levels of business development.
- Women’s Business Development Center, 8 South Michigan Aveune Chicago, IL 60603, T: 3128533477 x38, F: 3128530145, W: www.charocorp.org, E: firstname.lastname@example.org
The Small Business Classroom is an on-line resource for training and informing entrepreneurs and other students of enterprise. The classroom is designed to educate and provide interactive business guidance on a variety of topics to many types of students. Besides “traditional” small business clients, the on-line classroom will benefit high school and college students, individuals with time and travel limitations, people with disabilities, international business resources and others.
More than 10,500 volunteers provide training and one-on-one counseling at no charge
- U.S. Small Business Administration 500 W. Madison St., Suite 1250 / Chicago, IL 60661, T: (312) 353-7724, F: (312) 886-5688
- Chicago State University Business & Health Services 95th & Dr. Martin Luther King Dr./ Chicago, IL 60628, T: (773) 995-3938
Illinois Capital Access Program (CAP)
The Illinois Capital Access Program (CAP) is designed to encourage financial institutions to make loans to small and new businesses that do not qualify under conventional lending policies. CAP is a form of loan portfolio insurance, which provides additional reserve coverage to the lender on loan defaults. By participating in CAP, lenders have available to them a proven financing mechanism to meet the needs of financial institutions and Illinois small businesses.
Patriot Express Loan Initiative
The new Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features our fastest turnaround time for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85 percent for loans of $150,000 or less and up to 75 percent for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to take all available collateral.
Enterprise Zone Program
The Illinois Enterprise Zone Program is designed to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state. This is accomplished through state and local tax incentives, regulatory relief, and improved governmental services.