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Individuals are required to utilize the SmartStart dashboard with their mentors to be eligible to apply for a Peoria County microgrant, as well as meet the requirements below. Mentors will assist you in working through the sections. Once they feel that you have met the requirements for that section, they will give you a digital stamp to show it’s completed. The stamps are designed to benefit you in several ways, including:
Peoria County offers financial assistance to entrepreneurs and business owners seeking to start or expand a business, respectively, through its Government Assistance Program. The Government Assistance Program, or GAP, is a revolving loan program that helps “fill the GAP” between traditional private financing and a project’s cost by offering low interest loans. Details and applications are available at www.peoriacounty.gov/356/Government-Assistance-Program.
Residents of Peoria may find the City’s Revolving Loan Fund, which offers two types of business loans, may fit their needs. Find requirements and application information at www.growpeoria.com/business-assistance-programs/