8/10/2023 9/14/2023 10/12/2023 6:00 PM - 7:00 PM Central
Sponsors
Event Type(s)
Business Events
Event Description
Join the Illinois Small Business Development Center at Rock Valley College and Tom Sandquist, the Executive Director of the Rockford Community Investment Fund (RCIF), for this informative workshop!
About the Workshop:
The RCIF provides financing to small businesses who rehabilitate homes in the City of Rockford, and especially in its low-and moderate-income neighborhoods. The RCIF’s Executive Director, Tom Sandquist, will provide more information about the RCIF, including an overview of its loan program.
Join us to learn about:
The background and history of the RCIF
The minimum requirements for a project to qualify for financing
The minimum requirements for a borrower to qualify for financing
Loan terms, including the maximum loan amounts, length of the loan term, and interest rate
Success stories
About the Speaker:
Tom Sandquist is a graduate of Rockford University and the University of Illinois College of Law, and practiced at the Rockford law firm, WilliamsMcCarthy LLP, for 33 years. In January of 2022, he was hired as the Executive Director of the RCIF, the area’s first Community Development Financial Institution. RCIF was recently certified by the U.S. Department of Treasury and has financed the rehabilitation of more than 30 dilapidated homes in the low-and moderate-income neighborhoods of the City of Rockford.
Location
Setting: In-Person Rock Valley College's Main Campus, Educational Resource Center, Conference Room 2416 3301 North Mulford Road Rockford, IL 61114
