Finance Fridays: Illinois Climate Bank’s SSBCI Program

Join the Hub and the Illinois Climate Bank to hear about the SSBCI program along with a participating lender that financed an energy project

Join this 30-minute webinar with the Illinois Climate Bank and a participating lender to learn about the SSBCI program. The Illinois Climate Bank assists Illinois businesses that create or retain jobs by offering the State Small Business Credit Intiative (SSBCI) through a participating lender. SSBCI staff will present this funding opportunity and identify how your project could qualify for the attractive interest rates at 1% or 2% flat per annum, with a maximum tenor of 7 years. The program minimum participation is $25K and maximum participation is up to $2MM. Other requirements apply. Wintrust will present how their customer utilized this loan product to finance a building energy project. Learn more about the SSBCI program here.

Speakers
Maria Colangelo, Senior Vice President -Climate Bank, Illinois Finance Authority
Brent W. Scott, President – Rockford Community Bank, Wintrust Commercial Banking

Save the Date! Future Finance Fridays at the Hub
September 13th – SomerCor Small Business Products for Energy Projects
September 27th – Illinois Department of Commerce & Economic Opportunity (DCEO) Equitable Energy Futures Grant

About the Hub
Launched in 2023 by the Illinois Green Alliance, the Hub supports building professionals, contractors, and others involved in building retrofits by providing technical expertise, financial resources, and peer connections. Our work is based on partnerships aimed at reducing energy use and future-proofing building operations across Illinois. Discover the Hub and start your building retrofit journey today!