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As a Community Development Financial Institution (CDFI), LISC Chicago provides a range of products to support community development efforts throughout metropolitan Chicago. We have a variety of flexible lending products designed to help local groups bring development projects to fruition. LISC loans do not replace traditional financial facilities, such as those offered by private banks. Instead, they may cover the higher risk portion of a development – the predevelopment phase of a project in a low-income community – that most lenders are unable to finance due to their underwriting thresholds.
Borrowers can be not-for-profit or for-profit mission-driven companies. LISC makes loans to support a variety of real estate developments, including:
LISC loans are used for:
LISC terms are generally:
LISC helps small, for-profit businesses open or expand in hundreds of underserved neighborhoods and rural communities where we work through flexible loan options and technical support. We are committed to empowering entrepreneurs who have been overlooked by traditional financing channels and supporting them as they turn their visions into reality.
Small business lending & support. All in one place.