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	Illinois State Treasurer State of Illinois Treasurer’s Office State of Illinois Treasurer Alexi Giannoulias www.state.il.us/treas (312)814-8953 The state Treasurer’s Employ Illinois programs encourages the economic development by offering affordable access to capital through partnership with Illinois financial institutions. Low-interest financing to Illinois businesses that will create new jobs for Illinois residents and will retain jobs by helping Illinois businesses experiencing financial hardship. Programs: Employ Illinois: Business Program http://www.treasurer.il.gov/programs/employ-illinois/small-business-owners.aspx This program lowers the interest rate on your conventional loan to a below-market rate for up to the first five years of the term of the loan. For each approved project, the Treasurer’s Office deposits state funds at a discounted rate into your eligible financial institution. The institution then lends these funds at below-market interest rates, for up to the first five years of the term of your loan. The program can be used to finance any of the following costs: real estate acquisition, construction, equipment, inventory and working capital. The funds cannot be used in conjunction with lines of credit or debt refinancing. For each project, the State Treasurer’s Office may make a deposit equal to the combined projected annual payroll associated with the new jobs to be created. The value of the State Treasurer’s deposit may not exceed the value of the loan or the combined total value of eligible costs. Application is made in conjunction with your loan through an eligible Illinois financial institution. For further assistance, please contact: State Treasurer’s office (312) 814-8963 or visit the local satellite office at: 200 Potomac Blvd. Mt. Vernon, IL 62864. Employ Illinois: Child Care Program This program encourages access to child care in Illinois by providing low-interest loans for the construction and expansion of child care facilities in partnership with financial institutions throughout the state. The program can be used to finance any of the following costs: real estate acquisition, construction, equipment, inventory and working capital. The funds cannot be used in conjunction with lines of credit or debt refinancing. For each approved project, the Treasurer’s Office may deposit up to $10,000 per NEW DCFS-Licensed child care “slot” created. The value of the State Treasurer’s deposit may not exceed the value of the loan or the combined total value of eligible costs. To apply, meet with the loan officer of your eligible Illinois financial institution, secure the institution’s approval of your loan and agreement to utilize the Employ Illinois: Child Care program in conjunction with you loan. For more information, please contact the State Treasurer’s Office at (312)814-8953 or visit the local satellite office at 200 Potomac Blvd., Mt. Vernon, IL 62864. http://www.cashdash.net/programs/forms/EmployIllinoisChildCareLoanProgramAppRevsd2008-02-13.pdf For more information on these programs and other programs through the State of Illinois Treasurer’s office, please go to: www.state.il.us/treas Local Eligible Financial Institution: Peoples National Bank 413 South 34th Street Mt. Vernon, IL 62864 618-244-4777 www.peoplesnatonalbank.com Banterra Bank 3520 Broadway Street Mt. Vernon, IL 62864 618-242-9070 www.banterrabank.com Community First Bank 117 N. 10th Street Mt. Vernon, IL 62864 618-244-3000 www.commfirstbank.net SOURCE: Division of Economic Opportunity brochure from Alexi Giannoulias, Illinois State Treasurer.