Community Action announces low-interest loans for small business

[July 18, 2008]  Community Action Partnership of Central Illinois announced that it has funds available to loan to small businesses to increase economic growth. Small businesses, startups and existing, are eligible to apply for the loans as long as they assist in the agency's mission of retaining or creating jobs.

The loan program is not new to Community Action. While the program increased several years ago when they obtained a comprehensive loan portfolio from Fulton County, the agency has loaned a total of over $3,000,000 to the local community over the years. Currently over $100,000 is available to loan to deserving businesses at competitive rates.

"These loans are an opportunity for local businesses to start up or expand. Investment in entrepreneurism allows for job creation, and in this case, the loan interest also provides support to our agency so that we can more effectively fight poverty," said Angela Stoltzenburg, executive director.

Community Action Partnership of Central Illinois is a nonprofit, private corporation serving six counties in central Illinois: DeWitt, Fulton, Logan, Mason, Menard and Piatt. Interested parties who have businesses or are considering a startup business are encouraged to contact Kathy Inman, fiscal officer, by calling 217-732-2159, ext. 248, or visit www.capcil.org for more information.

[Text from file received from Community Action Partnership of Central Illinois]