McLean County Board's 2

Financial Assistance Programs

The McLean County Board has allocated $300,000 for the Recovery Loan program

  • The Recovery Loan is a 1% gap loan up to $20,000 (20% of total loan) for nonresidential for-profit businesses under 50 employees in McLean County.

  • The loan requires a partnership from a bank to cover the other 80% of the loan. 

  • Payments are deferred until January 2021

  • To learn more, view the list of required documents, and apply visit the Bloomington Normal EDC website 

The McLean County Board has allocated an additional $300,000 for the Micro-Bridge Loan program

  • The Micro-Bridge Loan is a 1% bridge loan up to $5,000 for nonresidential for-profit businesses under 10 employees in McLean County.

  • The loan requires a support letter from a lender.

  • Payments are deferred until January 2021.

  • To learn more, view the list of required documents, and apply visit the Bloomington Normal EDC website 

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Illinois Department of Commerce and Economc Opportunity
City of Bloomington, IL
Town of Normal, IL

Our SBDC is funded in part through a cooperative agreement with the the U.S. Small Business Administration, the Illinois Department of Commerce and Economic Opportunity, Illinois Wesleyan University, the City of Bloomington, and the Town of Normal.