On February 1, Town and Country Bank / People’s Prosperity Bank merged with Heartland Bank and Trust Company. Heartland Bank is a wholly owned subsidiary of HBT Financial, Inc., headquartered in Bloomington, Illinois. While our offices now operate as Heartland Bank branches, the merging of Town and Country / People’s Prosperity Bank data won’t occur until close of business on Friday, April 21st. Please continue to use former Town and Country Bank branches and online services to conduct your business until after our systems conversion in April. At that time, all Heartland Bank offices and services will be available for your banking needs!
 
For the most up-to-date merger information, please visit https://www.hbtbank.com/welcome. Heartland Bank is committed to ensuring a smooth transition with a minimal impact on customers. Please look for additional information in the next few months.

Commercial Government Loan Programs in Illinois

Illinois (IL) Department of Commerce and Economic Opportunity (DCEO) Advantage Illinois Participation Program

The IL DCEO Advantage Illinois Program promotes job growth in Illinois. Small businesses must consider that loans within this program may only finance projects in Illinois. The IL DCEO will participate in a portion of the bank loan depending on the size of the loan and the number of jobs created.

Advantage Illinois Participation Program Requirements

  • Maximum participation is the lesser of:
    • 25% of the project cost;
    • 50% of the loan; or
    • $1.5 million
  • Maximum approval depends on the number of jobs added or saved as well as other economic benefits to Illinois

Minority, Disabled, Veterans, and Women-Owned Businesses Program Requirements

  • Maximum participation is the lesser of:
    • 50% of the project cost;
    • 50% of the loan; or
    • $400,000

The Minority, Disabled, Veterans, and Women-Owned Businesses is a sub-program of the IL DCEO Advantage Illinois Program.

The IL DCEO Advantage Illinois Participation Program can be used for a variety of financing needs, such as leasehold improvements, equipment, and working capital. This program is additionally intended for start-up business, business acquisition, business expansion, purchase of assets, and revolving lines of credit (RLOC).

We Can Help

We specialize in helping businesses succeed! Heartland Bank and Trust Company serve and empower local communities in Central Illinois and the Metro East, one person or business at a time. Our branch locations include Springfield, Jacksonville, Lincoln, Decatur, Bloomington, Edwardsville, Fairview Heights, and Quincy. When you need the best bank for business loans, don’t hesitate to contact us. Request a consultation with our business team today to learn more about commercial government loan programs in Illinois!