Funds available through the PLP program can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding.  Participating lending institution shall be responsible for reviewing applications for eligibility and setting terms.

Eligibility

Any for-profit small business operating in Illinois which has, including its affiliates, fewer than 500 full-time employees is eligible. A Minority, Women or Disabled owned business is a business which is at least 51 percent owned by one or more minority, women or disabled persons and the management and daily operations of the business are controlled by one or more of the minority, women or disabled persons who own it.