UPPER ILLINOIS RIVER VALLEY

COMMUNITY DEVELOPMENT CORPORATION

UPPER ILLINOIS RIVER VALLEY

COMMUNITY DEVELOPMENT CORPORATION

ABOUT

US

INVEST

The Upper Illinois River Valley Community Development Corporation is a for-profit corporation whose purpose is to invest in and provide loans to existing small businesses within the region.

FOCUS

Money to lend comes from capital provided by local participating financial institutions. The focus of the CDC is on small to medium size businesses who require capital for technology, modernization, physical rehabilitation of structures, or cash flow to make them more economically viable.

GROW

While these loans ultimately promote job retention and job creation, it is the CDC who provides a vehicle for gap financing to support those loans when conventional lenders are unable to meet the financing needs of the small business.

The Upper Illinois River Valley Community Development Corporation is an Illinois corporation established on December 13, 1993. The by-laws of the corporation were adopted on May 10, 1994, and the loan policy was passed on June 14, 1994.

The Upper Illinois River Valley Development Authority received a $12,500 Technical Assistance Grant from the Illinois Department of Commerce and Community Affairs to cover the start-up and organizational fees to form the CDC.

In November of 1994, the CDC received approval of a $50,000 grant from the Illinois Department of Commerce and Community Affairs for funds to increase the capital of the CDC to make loans to small business within the region.

EXECUTIVE

BOARD

JOHN McCORMICK

JOHN McCORMICK

UIRVCDC - President

250 Marquette Street • LaSalle, IL 61301

815.223.0700

DOUG PATTERSON

DOUG PATTERSON

UIRVCDC - Vice President

400 E Etna Road • Ottawa, IL 61350

815.431.2910

AMANDA ANDERSON

AMANDA ANDERSON

UIRVCDC - Treasurer

220 West Main Street • Morris, IL 60450

815.941.3756

CHRIS VASKE

CHRIS VASKE

UIRVCDC - Secretary

820 14th Street • Peru, IL 61354

815.223.4300

JEFF ELLIS

JEFF ELLIS

UIRVCDC - Executive Board

645 First Street, Box 462 • LaSalle, IL 61301

815.410.8317

BOARD OF

DIRECTORS

BRADLEY BIANCHI

BRADLEY BIANCHI

UIRVCDC - Board of Directors

925 Shooting Park Road • Peru, IL 61354

815.224.7714

JOE BRIZGIS

JOE BRIZGIS

UIRVCDC - Board of Directors

260 Bucklin Street • LaSalle, IL 61301

815.223.3238

MIKE FLAHAVEN

MIKE FLAHAVEN

UIRVCDC - Board of Directors

105 W First Street • Wenona, IL 61377

815.853.4333

DAN GREGORICH

DAN GREGORICH

UIRVCDC - Board of Directors

301 S Columbia Avenue • Oglesby, IL 61348

815.883.8488

CRAIG KALKWARF

CRAIG KALKWARF

UIRVCDC - Board of Directors

137 W 5th Street • Minonk, IL 61760

309.432.2552

KIM MASON

KIM MASON

UIRVCDC - Board of Directors

122 West Madison Street • Ottawa, IL 61350

630.844.8755

KIM McKEE

KIM McKEE

UIRVCDC - Board of Directors

2nd & High Streets • Hennepin, IL 61327

815.894.2386 ext. 11

STEVE RANDICH

STEVE RANDICH

UIRVCDC - Board of Directors

2801 Black Road • Joliet, IL 60435

815.733.7017

LYNN STICKEL

LYNN STICKEL

UIRVCDC - Board of Directors

328 S McCoy Street • Granville, IL 61326

815.339.2123

COREY TELFORD

COREY TELFORD

UIRVCDC - Board of Directors

1508 Creek Drive • Morris, IL 60450

815.366.5478

JOHN SWANSON

JOHN SWANSON

UIRVCDC - Board of Directors

401 East Main Street • Streator, IL 61364

815.672.2941

JOHN THEISINGER

JOHN THEISINGER

UIRVCDC - Board of Directors

2825 Plaza Drive • Peru, IL 61354

815.220.7136

KASY WICKENHAUSER

KASY WICKENHAUSER

UIRVCDC - Board of Directors

1 Energy Way • Bloomington, IL 61327

815.664.9228

MICHAEL WICKKISER

MICHAEL WICKKISER

UIRVCDC - Board of Directors

201 Liberty Street, Box 520 • Morris, IL 60450

815.941.3530

ELIGIBLE

ACTIVITIES

TYPES OF BUSINESSES

include but not limited to industrial, commercial, retail, or service related located within the region which will create and/or retain job.

FINANCING

Can cover a number of projects including:

♦Land ♦Buildings ♦Construction

♦Renovations ♦Leasehold Improvements

♦Machinery Equipment ♦Inventory

♦Working Capital ♦And More

PROJECT COST

are defined as all costs needed to complete the project. These cost generally include financing for working capital, retooling, construction, or modernization.

INTEREST RATE, FEES, AND INVESTMENT TERMS

will be based upon a risk assessment of the project. The borrower must pay the cost of expenses incurred in processing the investment of the loan, including closing fees. Loan terms will normally be the same as that established by the conventional participating lender.

LOAN AMOUNTS

vary depending on the number of jobs created. The CDC maximum loan is $250,000. The CDC loan assumes a collateral position, which is subordinated to that of the companion lenders, but secured through a combination of collateral and personal guarantees or by any other security satisfactory to the CDC.

CONTACT

US

BEVERLY MALOOLEY

UIRVCDC - Administrator

West Route 6, Box 99 • Peru, IL 61354

815.488.5159