Questions? Call 1-800-304-1755 and speak with a VEDC lending associate.

Opportunity Grows

VEDC and CBOF serving small business owners in Chicago.
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re you interested in building your company’s net worth? Are you looking to help your community?

The Chicagoland Business Opportunity Fund can help you create or retain permanent jobs in your area when 75% of the jobs employ low to moderate income residents and operations take place in the low and moderate income communities.

Is my company eligible?


  •  Start up and existing businesses are eligible!
  •  Do you employ 1-200 employees?
  •  Is your company revenue up to $10 million?
  •  Do you lack other sources of financing?

What are the funds for?


  • Working Capital
  • Business Purchase
  •  Equipment
  •  Inventory
  •  Tenant Improvements
  •  Owner Occupied Commercial Real Estate
  •  Refinancing of Existing Debt

What are the terms?


  • Maturity: Up to 5 years
  • Prepayment: No Pre-Payment Penalty
  • Loan Fees: Up to 4% of the loan amount plus out of pocket closing costs

UBS

UBS and VEDC

By making $35 million in capital available to small business owners, as well as additional multi-year grant funding, UBS has made it possible for VEDC to lend nationally. The Business Opportunity Funds are part of UBS Elevating Entrepreneurs, the firm’s flagship philanthropic entrepreneurship initiative which includes a portfolio of partnerships and programs committed to bringing the right resources, to the right entrepreneurs, to help spur economic growth.

UBS shares VEDC’s belief in the importance of small businesses, who have long served as the backbone of the American economy, and is committed to delivering the firm’s resources, both financial and intellectual, to enable them to grow their companies, create jobs and contribute to their local economies.

 

Upcoming Events

Register for free workshops and learn about special networking events in Chicago.
		
		
Apr 27

Chicago – Small Business Risk Education Workshop

Apr 27 | 5:00 pm - 8:00 pm CDT
4510 South Michigan Avenue
Chicago IL

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