2,550 loans and investments totaling $187 million in the district in 2022
Stories from the District
Chemical Manufacturer Expands Production, Accelerates Growth with LISC Small Business Loan
Chicago,
Illinois
Local Initiatives Support Corporation
Cedar Concepts is a chemical manufacturing plant in the U.S. This past year, LISC made a $1.1 million investment through our partnerships with Abbott, JPMorgan Chase and Wells Fargo to help the firm purchase new equipment and expand its Chicago facility.
Chicago Events Planner Achieves Long-Time Dream With Help From LISC
Chicago,
Illinois
LISC
Ardul Aquino founded Tu Party Chicago in 2012 to make events at any price point possible, starting small by renting tables, chairs and tents for parties and events. Aquino dreamed of purchasing a location to offer to clients to host their events and better serve his clientele. With support from Wells Fargo’s Open for Business Fund, LISC financed a $528,000 acquisition loan for Tu Party to purchase their first commercial property. LISC underwriters worked with Aquino in Spanish, his first language, to get his loan materials together.
Raza Development Fund is proud to create the Comunidad Sana Fund to dedicate $100 million investments toward Federally Qualified Health Centers like Esperanza Health Centers. Esperanza is a home, a source of healthcare and hope, to many on the Southwest side of Chicago.
More Space and More Income Means Growth for Chicago Produce Wholesaler
Chicago,
Illinois
Local Initiatives Support Corporation
A $405,000 acquisition loan from LISC supported by Starbucks made it possible for entrepreneur Ruben Perez to purchase a mixed-use property in Chicago. LISC financing is helping Perez build equity in commercial real estate and serve the low- and medium-income area of the city through his business Guerrero Produce.
TRP’s Home Improvement Loan Program allows homeowners to borrow up to $30,000 at a 4.99% fixed interest rate for home repairs, home improvements, and energy efficiency-related upgrades in the following neighborhoods: Archer Heights, Ashburn, Auburn Gresham, Brighton Park, Chicago Lawn, Englewood, Lower West Side, Gage Park, McKinley Park, New City, North Lawndale, South Lawndale, West Englewood, West Elston, West Lawn.
