Urbana Small Business Microloan Fund

Justine PETERSEN, in partnership with the City of Urbana and the Champaign County Economic Development Corporation (CCEDC), has launched the COVID-19 Recovery: Urbana Small Business Microloan Fund. This program is designed to help small businesses in Urbana, Illinois, especially those who find it hard to get traditional small business loans. It’s a great opportunity for these businesses to get the financial support they need.

Eligible businesses in Urbana can access small business loans up to $50,000 for working capital, equipment purchases, inventory, or commercial real estate.

Application Process

Individuals and businesses interested in learning more about the Urbana Small Business Microloan Fund are encouraged to contact Tristan Brown, Justine PETERSEN’s Illinois Operations Manager, based at the CCEDC office in Champaign, at TBrown@justinepetersen.org, 217-494-0884, or by scheduling an appointment at https://calendly.com/tbrown-justinepetersen/intake30min.

About Justine PETERSEN

Justine PETERSEN carries on the vision of its namesake, Justine M. Petersen, who blended social work with banking to help low and moderate-income people. The organization aims to provide a bridge to mainstream finance, offering knowledge, tools, and financial products to build lasting wealth and assets. Their mission is broad, covering credit building, financial education, and support for homeownership and small businesses.

For More Information:

• Organization Name: Justine PETERSEN
• Address: 312 E Main Street, Urbana, IL 61801
• Phone Number: 217-494-0884
• Area Served: Urbana, Illinois