7/14/2023: SBA Eases, Streamlines 7(a), 504 Loans - IRS Offerings - Free Biz Card Raffle - City, State Summer Offerings - Upcoming Events

SBA Eases Loan Regulations, Streamlines Process

The Small Business Administration (SBA) significantly changed the 7(a) and 504 loan programs in May 2023. The changes streamline the loan application process, expand the number and types of lenders, and relax regulations to help businesses struggling since the pandemic. The changes aren't without controversy.
Somercor has helped small businesses and entrepreneurs obtain the financing they need for three decades to realize business goals. A non-profit, small business lender, it offers SBA 504 and SBA 7(a) Community Advantage loans. It administers the City of Chicago's Small Business Improvement Fund (SBIF) and Neighborhood Opportunity Fund (NOF) grants. 
Click on programs to learn about uses and eligibility...
Some photos & logos in the issue hold live 'mystery' links when clicked on....
LOOKING AHEAD....
click on event to view/download flyer

Chicago Dogs vs Cleburne Railroaders - 6:30 PM
Indian Boundary Greens - 12 Noon tee off; 8 minute intervals
CCCCC3501 S. Laramie Avenue, Cicero - 6:30 PM
NWCC Membership Renewals - Third quarter

Best Rate Insurance - Bishop Conway Residence - Borja dela Rosa & Associates P.C. - Chicago Auto Radiators - Elliot's Pizza - Exit Realty/Gus Mendoza - Helpico Insurance - Hermosa Neighborhood Association - Ice for Less - Las Americas Jewelry - Madrid Jewelry - Midwest Fence - Monitor Dental Group - North-Pulaski Currency Exchange - Old National Bank - Pronto Auto Rebuilders - Strauss Realty/Deborah Smith -

Click to view a roster of all NWCC Members.

Get a free business card size ad - a $75 Value - by entering NWCC's Business & Shopping Resource Guide Raffle.
Hiring? Job Hunting?
Looking for a job? Follow NWCC's Facebook page.
Need employees? Send the job description to NWCC .
we'll post it on our Facebook page.
Commercial Properties
Is Your Building or Construction Project Eligible?

Building owners who construct energy-efficient buildings or increase the energy efficiency of existing buildings by at least 25% may be able to claim a tax deduction.
Advanced Energy Project Credit Allocation Program 

For those involved in clean energy manufacturing and recycling projects, greenhouse gas reduction projects, and critical material projects the Department of the Treasury and the Internal Revenue Service issued additional guidance to provide more details for applicants seeking section 48C credit allocations under the Inflation Reduction Act for projects in specific energy communities census tracts. Click to learn more.
BURGERS & MORE.......Five Star Havens
CHARLY'S BURGERS
2320 N. Cicero Avenue
(773) 887-5481
Both eateries offer Takeout & Delivery; Beer, Wine, & Spirits -
for hours, more check out websites/Yelp
GRETEL
2833 W. Armitage Avenue
(773) 770-3427
Summertime Fun Resource...
Chicago & Statewide
July & August 2023 SBIF Rollouts - Click on name for Map

Avondale - Open 7/1/2023
Belmont Central - Open 8/1/2023
The Small Business Improvement Fund (SBIF) promotes economic development by providing small businesses with reimbursable grants for permanent building improvement costs.
Click here to learn more about the program
Visit the NW Connection website for resources & assistance.
Pete Schmugge, NWCC Executive Director - 773-558-8743
The NW Connection Chamber of Commerce - a Place Making Generalist
agency for the City of Chicago Business Affairs Neighborhood Business Development Center - is funded to provide assistance to the Cragin,
Hermosa, Humboldt Park, and NorthAustin Communities.