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IBC Bancorp, Inc.
1860 N. Mannheim Rd
Stone Park, IL 60165--102
Not Available
IBC Bancorp, Inc. of Chicago, Illinois was incorporated in 1997 and holds three affiliates: International Bank of Chicago, Community Bank of Lawndale, and IBC Community Development Corporation. The corporate family serves numerous low and moderate-income communities in and around Chicago, including: Uptown, Chinatown, Stone Park, and Lawndale. The applicant"s target markets have significant African-American, Latino, and Asian-American communities that include significant immigrant populations. The awardee offers a full line of financial and loan products, including no-fee, no minimum balance accounts in an effort to reach out to unbanked and very low-income consumers. The applicant also proposes to develop a new product, called SafeATM that has some features of a stored value card, is also intended to reach out to the unbanked and to help reduce their risk of theft and to give them a credit card that can be used for airline ticket purchases.
- Select CDFIs in IL
- Southern Illinois Coal Belt Champion Community, Inc.
- First Eagle Bancshares
- Neighborhood Lending Services, Inc.
- I.H. Mississippi Valley Credit Union
- Bridge Investment Community Development Corporation
- Select Small Business Resources in Illinois
- Rockford U.S. Export Assistance Center at EIGERlab
- Southern Illinois University-Edwardsville - Small Business Development Center
- Rockford Local Development Corporation
- Illinois Valley Community College - Small Business Development Center
While the federal government does not provide grants for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One of the mechanisms in place to promote small business growth and economic development are Community Development Financial Institutions.
The U.S Small Business Administration supports both the Small Business Development Center Program and SCORE to provide management assistance to current and prospective small business owners. These programs offer one-stop assistance to individuals and small businesses by providing a wide variety of information and guidance in central and easily accessible branch locations.
Featured Government Grant Resources
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Social Entrepreneurship
Spotlight
The U.S. Government on Cultivating Impact Investing And Social Enterprise
According to a Private Capital, Public Good report recently released at the White House from a group of A-list impact investing and social enterprise specialists, the U.S. government can do a lot to spur the growth among the impact investing and social enterprise sectors.
