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The Illinois Department of Financial and Professional Regulation was created on July 1, 2004. It is responsible for the regulation, oversight, and licensure of almost 300 different types of professional licenses and financial institutions. The current director ("Secretary") of this department is Mario Treto, Jr.
The Equal Credit Opportunity Act (ECOA) of 1974, implemented by Regulation B, requires creditors which regularly extend credit to customers—including banks, retailers, finance companies, and bank-card companies—to evaluate candidates on creditworthiness alone, rather than other factors such as race, color, religion, national origin, or sex ...
The Secretary of State maintains the style manual for the Illinois Administrative Code and Illinois Register on its website. [4] One notable feature of the Code and Register text is the use of italics (or, in less recently updated sections, all caps) to indicate that a particular set of words is quoting or closely summarizing statutory text; a reference to the relevant section of the Illinois ...
You can apply for these loans through traditional banks, though they are funded differently from conventional business loans. SBA 7(a) loans are the most common type of SBA loan.
According to SMB Adviser, the main purpose of a C&I loan is to finance capital expenditures or provide working capital to the borrower. A C&I loan is generally a short-term (1-2 year) line of credit or term loan, secured by collateral and cash flow owned by the business requesting the loan. [2]
(The Center Square) – Small businesses in Illinois have access to new state funding from a capital grant program. Gov. J.B. Pritzker announced $10 million in grant funding that he said will help ...
The small business networking platform Alignable survey shows nearly one in three businesses nationwide anticipate revenue losses, but researcher Chuck Casto said the percentage is higher in Illinois.
There are also many boards, commissions and offices, [1] including: Abraham Lincoln Presidential Library and Museum; Attorney Registration & Disciplinary Commission of the Supreme Court of Illinois