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Microenterprise Business Loan Program

BUSINESS LOAN PROGRAM NOW OPEN: In response to the COVID-19 impact on our small businesses, the City is again offering Microenterprise Business Loans. The program funds an up to $15,000 loan followed by an up $10,000 grant, allowing total funding up to $25,000 to each microenterprise (businesses with five or fewer employees) recipient. Previous recipients are not eligible for this phase of the program, however they are encouraged to refer others. The City of Rockford will accept applications on a first-come, first-served basis. This program is for working capital only. Capital expenditures are not allowed. For more information concerning the Microenterprise Loan Program, you can email [email protected] To apply, go to https://portal.neighborlysoftware.com/rockfordil/participant.