Illinois Business Financial Service in Peoria, IL

All information about Illinois Business Financial Service in Peoria, IL

About Illinois Business Financial Service

IBFS is a Certified Development Company (CDC ) that works in partnership with the U.S. Small Business Administration (SBA ). IBFS provides direct and indirect financial assistance to businesses in the State of Illinois. If your small business is in need of new equipment, updating a facility or building a new one, IBFS is here to help. IBFS works in partnership with the SBA to package and submit 504 and Community Express Loan applications. IBFS provides direct and indirect financial assistance to businesses in the State of Illinois. Illinois Business Financial Services has helped many small businesses realize their potential. IBFS has access to local resources in both Peoria and Chicago. Visit our Contact and Resources page for helpful links with additional information to help you with your small business. IBFS is a Certified Development Company (CDC ) that works in partnership with the U.S. Small Business Administration (SBA ). Since 1981. Illinois Business Financial Services has been developing diversified loan programs for small businesses, utilizing a combination of Community Development Assistance Programs and the SBA's 504 and Community Express Loan Programs to create jobs and millions of dollars in project funding. A CDC, or Certified Development Company, is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private sector lenders to provide financing to small businesses. There are about 270 CDCs nationwide. Each CDC covers a specific geographic area. As an SBA-backed lender, IBFS - in partnership with America's Banks - works with qualified businesses to develop, package and process business growth projects. By integrating client, bank resource and SBA financing, IBFS helps businesses expand their operations. Partnering with IBFS and Fondulac Banking Center, Joe, Pete, and Sam Mach were able to develop new construction and open a new operation, China Village Buffett, in November 2001. With a new address at 206 West Camp Street, the restaurant offers buffet-style Asian and American Cuisine in a family oriented setting. The restaurant expansion benefits the Central Illinois Community with wider choices for customers as well as increased tax revenue, economic development, and employment for the area. In early 2001, the Mach Brothers decided that their restaurant, China Palace, had outgrown its original facility. After four years of increasing revenues, this marketing firm hit a plateau - DLA had run out of office space to add needed equipment and staff. They turned to IBFS to help them with financing their expansion. IBFS partnered with Heritage Bank to assist DLA owners Marc and Michelle Lefebvre in accessing the funds they needed to take their business to the next level. In the summer of 2008, DLA purchased an unfinished office condo in North Peoria and created a new layout for its professional creative work environment. Construction was completed in March 2009, and DLA was ready for new business. The mission of the Illinois Central College Procurement Technical Assistance Center is to provide government contracting services to Central Illinois manufacturers and other small, minority, and women-owned businesses for the purpose of assisting them in selling their products and services to buyers in federal, state, and local government markets. www.score.org SCORE - Free Business Counseling Services SCORE provides business planning and operations assistance to current and prospective small business owners. They are centrally located at the Peoria Area Chamber of Commerce. is a trade association of Certified Development Companies (CDCs ) - companies that have been certified by the Small Business Administration (SBA ) to provide funding for small businesses under the SBA 504 Program. This site contains general information for small businesses who would like to learn more about the SBA 504 loan program as well as information on the 504 industry for NADCO's Certi