City of Springfield, Illinois

James O. Langfelder - Mayor

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Springfield Area Microloan Program

The Office of Planning and Economic Development houses a microlending program for small businesses. The program debuted in September 2015 with $1.7 million in start-up capital from local financial institutions and Community Development Block Grant Funds. The fund is facilitated by Justine Petersen, the largest SBA micro lender in the U.S., provides comprehensive micro-enterprise lending and training to small and start-up businesses including one-on-one counseling and technical assistance; credit building strategies; FDIC Money Smart Curriculum; a business plan questionnaire to assist clients through the business planning process; micro-loan origination; and post-loan technical assistance for those that struggle to meet their business plan benchmarks and for those that are expanding their businesses.

For more information about our Microloan Program, please contact Danyel Pitts in our Office of Planning and Economic Development at dpitts@justinepeterson.org.

For more information about all of Justine Petersen’s services, please visit www.justinepetersen.org