Our Loan Fund
Many of the loans originated to small business owners by Accion Chicago are disbursed with funds borrowed from financial partners. Accion's loan fund has grown over the years, allowing Accion to disburse more than 2,500 loans to different businesses throughout Chicagoland since 1994. As Accion Chicago continues to expand to serve more entrepreneurs, the need for new investors grows.
Accion welcomes long-term investments in its loan portfolio and will gladly provide appropriate documentation to any interested party. Please feel free to contact Accion Chicago's VP of Development Mary Fran Riley for further information at (312) 275-3000 X 111 or mfriley@accionchicago.org.
Accion Chicago is grateful to each of the following organizations for their investments. Those listed below have invested in the fund at below-market rates, providing the loan capital necessary for Accion Chicago to reach entrepreneurs throughout the Chicagoland region.
Loan Fund Contributors:
Amalgamated Bank
Bank Financial
Bank of America
Chicago Community Bank
Chicago Community Trust
Citibank, N.A.
City of Chicago, Office of the City Treasurer
Coleman Foundation
Community Savings Bank
Economic Development Administration (EDA), U.S. Department of Commerce
Fifth Third Bank
First Midwest Bank
First Savings Bank of Hegewisch
Harris Bank
HSBC
Illinois Department of Commerce and Economic Opportunity (DCEO)
John D. and Catherine T. MacArthur Foundation
JPMorgan Chase
MB Financial Bank
Morgan Stanley Bank
Northern Trust Bank
PNC Bank
Republic Bank
Seaway Bank & Trust Company
U.S. Bancorp
U.S. Small Business Administration
Wieboldt Foundation
