Profile Picture Jonathan Levy

created Jan 28 2015

updated Aug 24 2016

Description

To improve access to capital, the City of Chicago seeded a $2MM revolving loan fund and partnered with Accion to create the Chicago Microlending Institute (CMI). CMI helped train two new local microlenders, Chicago Neighborhood Initiatives (CNI) and Women’s Business Development Corporation (WBDC), to help connect small businesses around the city to affordable access to capital. These microloans vary in size from $500 to $25,000 and the average loan size is around $10,000. This dataset reflects the lender, location, business industry, and borrower demographics for small businesses supported by the City’s revolving loan fund.

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Category
Community & Economic Development
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Tags
community & economic development, small business, business, loans, business loans, microloans, microlenders, capital access centers, finance
Licensing and Attribution
Data Provided By
City of Chicago
Source Link
http://www.cityofchicago.org
Metadata
Data Owner
Business Affairs & Consumer Protection
Time Period
Current as of Q4 2014
Frequency
Quarterly
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