- Illinois Climate Bank’s Working Capital product, funded by congressionally approved and lawfully awarded funds from U.S. EPA’s Greenhouse Gas Reduction Fund Solar For All program, will help accelerate the Jobs and Justice goals of CEJA by building the capacity of Equity Eligible Contractors to cover finance gaps in clean energy projects.
- The Working Capital loan product will provide low-cost loans to small contractors engaged in the ILSFA program or projects eligible for Illinois Shines incentives that benefit low-income or disadvantaged communities, to enable them to grow beyond the limitations of a cash business and support organizational development.
- The loans will support project development costs and loan repayments would be recycled back into the fund to be leveraged for future projects.
Working Capital
Empowering Small Businesses for a Sustainable Future
Program Overview
Funding & Eligibility
Loans to Contractors
- Eligible contractors will be required to be Approved Vendors or Designees under ILSFA and Illinois Shines, or similar vendor programs, and involved in the installation of solar photovoltaic systems, energy storage systems, electrical panel upgrades, or other residential enabling upgrades.
How to Apply
This program is under development. Stay tuned for updates on application details, and check back here regularly for the latest information. In the meantime, be sure to subscribe to our newsletter to receive important announcements about Working Capital directly in your inbox.
Additional Resources
On December 2, 2024, the Illinois Climate Bank hosted its Solar for All Expansion Kickoff. Materials from the webinar can be found below:
On December 19, 2024, the Illinois Climate Bank hosted its Lending Working Group. Materials from the webinar can be found below: