Since 1986, the Women’s Business Development Center’s (WBDC) mission has been to support and accelerate business development and growth, targeting women and serving all diverse business owners, in order to strengthen their participation in, and impact on, the economy. The WBDC carries out these various initiatives through its two Women’s Business Centers (WBC), Small Business Development Center (SBDC), Procurement Technical Assistance Center (PTAC), Veterans Business Outreach Center (VBOC) and InventIllinois.
The WBDC’s mission is to increase awareness of entrepreneurship as a viable means of economic self-sufficiency, and stimulate public policy and system changes to support and strengthen economic empowerment of women and other diverse business owners. The organization also works to accelerate the growth rate of minority-owned enterprises.
The WBDC is a participating lender and business assistance provider for SimpleGrowth, motivated by a shared mission to grow the small business ecosystem across Chicagoland. As a lender, the WBDC provides loans to SimpleGrowth applicants ranging from $1,000 to $75,000. Loans are available for new and existing small businesses in the state of Illinois, with an emphasis in low-to-moderate income communities. Start-up businesses – regardless of size or time in operation – are eligible for funding, as well. Loans can last up to five years, and may be used for a variety of reasons, such as for leasehold improvements, inventory, supplies, and machinery, or equipment purchases.
“The WBDC knows that access to capital is critical in today’s economy for small business owners – particularly those that are female-owned – and we want to do our part in making these businesses a success,” said Emilia DiMenco, President & Chief Executive Officer of the WBDC.
The WBDC team also provides hands-on support with its professional team of business advisors, and can answer questions on every aspect of starting and growing your business.
To learn more about the WBDC, or to apply for a loan or access support for your small business, visit SimpleGrowth.biz.