Please begin with completing and submitting the Online Inquiry Form here. Once submitted, you will be contacted by CCI staff regarding the application process. After a discussion regarding your funding proposal, other documents will be supplied to you for completion. Champion Community Investments utilizes a uniform loan application and personal financial statement, detailing any debt or guarantors.
In addition to these two basic loan application documents, as the project progresses, you will need to submit a copy of the following additional documents:
- A business plan stating the purpose of the loan (the business project you are wanting to accomplish with the funding) AND financial projections for the first three years under the new scenario (including a projected balance sheet and projected income statements). This business plan should describe where you are now and where you are planning to go with the business. The business plan will need to include industry- and regional-specific research data.
- Three years of historical financials from the existing business (if expanding a business you already own or if buying an already operational business), including tax returns and financial statements such as Profit & Loss Statements for the last three years and a year-to-date P&L broken down monthly.
- Three years of historical personal tax returns from all borrowers.
- A personal credit score report for all borrowers.
Other documents will be needed as the application progresses, such as an appraisal, site map, proof of business entity, etc.
Technical Assistance
CCI strongly recommends a potential borrower to work with any and all technical assistance providers that can help them build a strong business plan. This could include a CPA or an attorney. Additionally, the Illinois Small Business Development Program has several centers around the state. The ISBDC network centers will provide business advice and business plan assistance for no charge. Below are the centers in the 12-county coverage area for CCI lending:
Illinois Small Business Development Center
Southern Illinois University
618-536-2424
Illinois Small Business Development Center
For any questions about the application process, contact the CCI Office at 800-604-1990.